News: E Co’s experts involved in Croatia’s €6.3 billion recovery and resilience plan

4 August 2021, Category: All insights, News

E Co’s experts Marijan Gajšak and Seth Landau were recently part of a engagement by the European Commission to work on moving Croatia towards a green recovery path. E Co’s role involves addressing climate change in Croatia’s recovery and resilience plan and ensuring that none of the investments will have a significant negative harm on the environment. 

As part of the engagement, E Co’s experts also worked with the Croatian World Bank team and numerous ministerial counterparts in the Croatian government.

The Recovery and Resilience Facility

The Recovery and Resilience Facility (RRF) is at the heart of NextGenerationEU which will provide €800 billion (in current prices) to support investments and reforms across the EU.

The grant, approved by the European Commission, will play a key role in supporting the implementation of Croatia’s investment and reform measures and will help them emerge stronger from the COVID-19 pandemic.

Croatia’s green transitions

Croatia’s recovery plan devotes 40% of its total allocation to measures that support climate areas, including: renewable energy, energy efficiency and sustainable mobility. It also includes adaptation measures such as water management, flood protection and the restoration of rivers, floodplains and lakes.  

To learn about more about E Co’s work in building resilience in cities, read about how we’re working with AECOM on an EBRD framework to help cities secure green financing

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