News

The European Green Deal

Deloitte Malta Gi3 Alert

24 August 2021

EU Commission proposes transformation of EU Economy and Society to meet climate ambitions

The EU Commission has adopted a package of proposals to make the EU’s climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to the 1990 levels. Achieving this milestone over the next decade would enable Europe to become the world’s first climate-neutral continent by 2050.

The proposals cover the following areas:

  1. Addressing carbon-neutrality by decarbonising transport;
  2. Addressing climate neutrality through enhanced energy efficiency, clean energy and a circular economy;
  3. Fostering a digital, smart and resilient economy;
  4. Strengthening the resilience of the health system;
  5. Enhancing quality education and fostering socio-economic sustainability; and
  6. Strengthening the institutional framework.

 

EU Budget support

The EU’s long-term budget for the next seven years will provide support to the green transition.

30% of the programmes under the €2 trillion 2021-2027 Multiannual Financial Framework and NextGeneration EU are dedicated to supporting climate action.

37% of the €723.8 billion Recovery and Resilience Facility (which will finance Member States’ national recovery programmes under NextGeneration EU) is allocated to climate action.

Malta’s Recovery and Resilience Plan (‘RRP’), including its proposals to address climate and carbon neutrality, has been submitted to the EU Commission. Malta’s RRP outlines the strategic approach underpinning the investments to be supported through grants under the Recovery and Resilience Facility for a total budget of approximately €345million. The key components of Malta’s RRP are the following:

1. Addressing carbon-neutrality by decarbonising transport;
2. Addressing climate neutrality through enhanced energy efficiency, clean energy and a circular economy;
3. Fostering a digital, smart and resilient economy;
4. Strengthening the resilience of the health system;
5. Enhancing quality education and fostering socio-economic sustainability; and
6. Strengthening the institutional framework.

Each area includes several measurable reforms and investments and the implementation will enable Malta to use the funds allocated under the Facility. These investments comprise the following:

  1. New ferry landing place to promote alternative modes of transport at St Paul’s Bay/ Buġibba;
  2. Enhancing the uptake of electric vehicles in the private sector;
  3. Decarbonising the public service fleet and part replacement of the public transport fleet;
  4. Renovation and greening of public and private sector buildings;
  5. Renovation and deep retrofitting of public hospitals and public schools;
  6. Construction of pilot near-carbon-neutral school to serve as a model for the future and provide a future-proof learning experience to students;
  7. Renewable energy investments in roads and public spaces;
  8. Investing in digital solutions to strengthen the government digital backbone;
  9. Digitalisation of the Merchant Shipping Directorate within Transport Malta;
  10. Digitalisation and modernisation of the public administration, to improve the front-end customer experience, data sharing and digital tools for remote working solutions;
  11. Rolling out measures to intensify the digitalisation of the private sector;
  12. Establishment of a Blood, Tissue and Cell Centre for Malta;
  13. Enhancing the resilience of the health system through digitalisation and new technologies;
  14. Setting up of a Centre for Vocational Education Excellence (ITS Campus);
  15. Digitalisation in the Justice System.

 

How can we help?

Deloitte Malta is able to assist in answering your queries, so please do not hesitate to reach out to us for any further guidance you may require.

In addition, Deloitte Malta is able to assist with the preparation of the required applications and any supporting documentation, as well as document submission and any required follow-ups.

Did you find this useful?