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- Ελληνικά
The Grants Scheme to encourage the reduction of greenhouse gas emissions by businesses was approved by the Council of Ministers at its meeting today.
According to the proposal presented to the Cabinet, the Scheme will be implemented as part of the policy pursued by the Ministry of Agriculture, Rural Development and Environment, in particular the Department of Environment, to decarbonise and achieve the European Union's climate objectives as set out in the governance programme.
Specifically, the Grant Scheme contributes to the implementation of additional measures to the existing policies and measures of the National Energy and Climate Plan (NECP) for the period 2021-2030, encouraging the beneficiaries, i.e. businesses, to engage in a total transformation of the Cypriot economy with the ultimate goal of decarbonisation.
The Project will subsidize the preparation of documents and studies, which will include the monitoring and inventory of GHG emissions resulting from the enterprises participating in the Project, their verification and the preparation of an action plan with specific investments/actions aiming at a validated reduction of GHG emissions by 2030. The Plan aims to help businesses understand the medium and long-term impacts of climate change actions on their operations, with the ultimate goal of achieving real GHG emission reductions in their operations and/or domestic supply chains at a later stage. In particular, the beneficiaries of this Scheme will be eligible, subject to conditions, for a planned subsequent Grant Scheme to support future investments to reduce greenhouse gas emissions, thereby contributing to the achievement of the national greenhouse gas emission reduction target.
The Sponsorship Scheme is included in the Recovery and Resilience Plan (RSP) of Cyprus for the period 2021-2026 and is implemented under measure C2.1I4. It will be funded by the European Union's Recovery and Resilience Mechanism (RRM) (Regulation (EU) 2021/241), the central instrument of NextGenerationEU, the temporary instrument to finance the EU's recovery and exit from the crisis caused by the COVID-19 pandemic.
The total amount available to finance the Plan, during its implementation period, amounts to €5 million. The beneficiaries of the Plan are enterprises operating in areas where effective control is exercised by the Republic of Cyprus and which meet the conditions for participation described in the Plan's Implementation Guide.
(EN)
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