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The European Green Deal: The Modernisation Fund invests EUR 2.4 billion to accelerate the green transition in seven EU countries, including Romania

Last Thursday, 8 June, the European Union Modernisation Fund has allocated EUR 2.4 billion to 31 projects in seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions from energy, industry and transport and improve energy efficiency. This is the largest common payment to date and will boost Europe’s green transition. These investments help those Member States to reduce dependence on Russian fossil fuels, meet ...

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