Let’s talk about the circular economy

A historic and effective instrument of EU cohesion policy, the European Regional Development Fund (ERDF) is back in service for 7 years after the agreement reached today between the Council and the European Parliament. Always at the disposal of its traditional local partners, the ERDF has been deeply reformed in order to help to introduce the environmental objectives of the Green Deal in EU territories. 30% of the funds will thus be intended to promote a clean and fair energy transition, the circular economy or adaptation to the needs of the climate. Infrastructure works will only be subsidised if they improve the carbon footprint. Another priority of Renew was to support the competitiveness, research and innovation capacities of SMEs, with special attention given to rural areas, in terms of training and connectivity, so that all European regions could reap the benefices of the digital economy. A new system will grant specific support to areas inhabited by less than 12.5 inhabitants / km2 or facing demographic decline. However, the ERDF remains attentive to sociological changes and the appropriations intended for city policy will increase by 8% in order to finance sustainable urban development projects. Finally, the application of ERDF has been simplified in order, on the one hand, to respond to emergency situations, such as the current pandemic, by supporting sectors in crisis such as tourism and culture, and, on the other hand, to empower local authorities in the management funds, thanks to more flexible rules allowing a greater number of projects to be carried out and facilitating better absorption of funds. This new ERDF will enter into force as soon as an agreement is reached in the European Council on the 2021-2027 multiannual financial framework. Susana SOLÍS PÉREZ (Cuidadanos, Spain), spokesperson for Renew Europe for the ERDF amid the Parliamentary…

In this month’s cover story, learn more about how the Emirates National Oil Company (ENOC) became one of the largest oil and gas players in the UAE. With a vision to be an innovative energy partner with a foundation on sustainability, ENOC succeeded in its ambitious plan to start dominating in the market. Now, in this exclusive interview with ENOC Group’s CEO, His Excellency Saif Humaid Al Falasi, learn more about the company’s history, ambitions and its current performance as he shares the company’s operations in the Middle East, its recent product innovations, engineering and technology to meet the demands in line with projections for EXPO 2020.