Only 5.7% of EU cohesion funds assigned for renewables projects in central and eastern Europe for the period 2007-13 has been allocated because of several problems slowing down their deployment, green groups have warned.
This is because of complex application procedures, understaffing in national authorities and a lack of private investment to match EU funds, according to CEE Bankwatch and Friends of the Earth. Private funds have dried up because of the economic crisis.
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