As mentioned, through this technical support, member states will be helped to identify and implement the best possible reforms and investments in areas such as diversifying energy sources, accelerating the transition to renewable energy sources and improving energy efficiency.
In particular, the Commission will also support the 17 Member States in mitigating the negative medium-term effects of rising energy prices, while promoting the green transition, taking into account its inter-regional and cross-border dimension.
The objective of the mechanism is to support the 17 Member States that have submitted a request (Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Finland, Greece, Estonia, Hungary, Ireland, Italy, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Hungary, Poland, Portugal, Slovakia and Slovenia) in phasing out fossil fuels from Russia, in a manner consistent with the objectives of the REPowerEU package of proposals for sustainable and secure energy supply at affordable prices.
As Commissioner for Cohesion and Reforms Elisa Ferreira explained in a statement on the occasion of the announcement, the Technical Assistance Mechanism "will provide targeted, tailor-made and rapid support for the rapidly changing needs of each of these Member States".
The Communication recalls that on 21 March 2022 the Commission invited Member States to indicate whether they are requesting technical assistance in relation to their energy needs due to the consequences of the Russian invasion of Ukraine.
The technical assistance is provided under the Technical Support Instrument (TSI) managed by the Commission.
Source: KYPE
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