Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-048"

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"Madam President, I would like to express my thanks to the rapporteur for the preparation of this report on energy projects and for the additional funds now provided by the Commission. EUR 146 million has been provided for projects which will be crucial for Europe and for the various countries and, in particular, as the Commissioner has said, for the local and regional authorities which will, I hope, be handling this money or these grants. I first of all want to congratulate the rapporteur on the presentation of her report on financial assistance for energy projects. I strongly welcome this initiative, which provides for the creation of a dedicated financial instrument to support the development of energy efficiency and renewable energy projects. The financing of projects in this area will help to stimulate economic recovery in Europe, and indeed in my own country, Ireland, and help to create new employment opportunities and also help in the fight against climate change. In all parts of Europe now, and particularly in my own country with a very high rate of unemployment, we want to ensure that all funding can be diverted into areas where jobs can be created. The funding of EUR 146 million which is available under the amended proposal must be targeted towards projects that will have a rapid, a measurable and a real impact on economic recovery. EUR 146 million is the funding that is available, but there is a multiplier of at least six or seven times that amount, which will be the overall investment. I believe that the establishment of a dedicated financial instrument will allow for this funding to be administered in the most efficient manner and the beneficiaries, as I said in my own native language, will include local and regional authorities. We all have a responsibility to bring this to the attention of those authorities, and our government will be making an individual application and then liaise with the regional authorities."@en1
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