With the approval on 12 February 2021 of the package for the delegation of programmes to the six executive agencies, INEA will be officially replaced by the European Climate, Infrastructure and Environment Executive Agency (CINEA) on 1 April 2021.
The new Agency will have a key role in supporting the European Green Deal, with a focus on creating synergies to support a sustainable, connected, and decarbonised Europe. CINEA will continue to manage existing projects, and start implementing new 2021-2027 programmes delivering on the necessary actions to achieve climate neutrality in Europe by 2050.
For the Connecting Europe Facility (CEF), which supports the deployment of infrastructure across Europe, CINEA will continue to manage CEF Transport and Energy.
CINEA will also continue to manage the implementation of the Innovation Fund, a key funding instrument supporting the European Commission's strategic vision of a climate neutral Europe by 2050.
Under the Horizon Europe programme, the new Agency will implement the Climate, Energy and Mobility cluster, thus adding Climate to its existing Horizon 2020 Energy and Transport portfolio.
CINEA will further expand its focus on environmental, nature conservation, climate action and clean energy projects as it takes over the implementation of the LIFE programme.
The new Agency will also take on the European Maritime, Fisheries and Aquaculture Fund (EMFAF), which aims to better target public support to the Common Fisheries Policy, the Unions's Maritime Policy and the EU's agenda for international ocean governance.
CINEA will manage two new mechanisms contributing to renewable energy and climate neutrality:
- The Renewable Energy Financing Mechanism will support Member States in working more closely together towards individual and collective renewable energy targets.
- The Public Sector Loan Facility pillar of the Just Transition Mechanism is targeted at the regions most affected by the transition towards climate-neutrality.
Furthermore, one of the major events organised by the Commission on green energy is landing as well at CINEA: the European Sustainable Energy Week, the ideal platform to share ideas and knowhow, and forge alliances about an Energy Union.
CINEA will run between 2021 and 2027 with over 500 staff, and a budget of around €52 billion.
Original source here.