Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-081"
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"en.20101111.4.4-081"2
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"The opportunity to direct funds not spent according to the directive towards the development of energy efficiency and renewable energy projects was already set out in the regulation, but I welcome the fact that it was possible to find consensus as regards its specific implementation. Energy efficiency and renewable energy have frequently been named as EU priorities helping to implement the 2020 strategy and ensure energy security. Investments in this sector during the economic downturn are very important, as they will create a possibility for new jobs and will promote competitiveness, the spread of innovations and economic stability. Furthermore, the financial instrument planned – like the setting-up of a fund for European financial institutions – will increase the amount available several times over, thus increasing opportunities to finance projects. It is only regrettable that the financial instrument planned is not continuous, but hopefully it will establish a suitable incentive for further energy efficiency and the promotion of renewable energy."@en1
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