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European Climate Infrastructure and Environment Executive Agency

The EU renewable energy financing mechanism - Legal framework

Find below the Commission's regulations and directives that provide the overall framework for this programme:

The RENEWFM has been introduced by the regulation on the Governance of the Energy Union (see article 33): Governance of the Energy Union and Climate Action (EU) Regulation 2018/1999

A specific RENEWFM implementing regulation has been adopted in 2020. The implementing regulation explains in details the functioning of the financing mechanism: Regulation on the EU renewable energy financing mechanism (EU) 2020/1294