Contents
Article 2#
1.The Commission shall manage the assets in such a manner as to keep an annual Research Fund for Coal and Steel (RFCS) allocation of up to EUR 120 million for the years 2027 to 2033 inclusive in order to finance research in the sectors related to the coal and steel industry. Any remaining unallocated assets shall be part of an allocation for the year 2034 equal to the market value of those assets at the moment of the transfer to the RFCS, taking into account market conditions. That allocation shall be used to finance research in the sectors related to the coal and steel industry in 2034 and subsequent years.
2.Research activities for steel shall focus on sustainable and low-carbon steelmaking and finishing processes, creating advanced steel products, lead markets, the conservation of resources, the circular economy, the development of skills, improving working conditions, and the use of digital technologies. Research activities related to coal research projects shall focus on managing the just transition, including through the repurposing, of formerly operating coal mines or coal mines in the process of closure and related infrastructure, including the regions in which they are located, in accordance with Regulations (EU) 2021/523note, (EU) 2021/1056note and (EU) 2021/1229note of the European Parliament and of the Council and in compliance with Article 4(2) of this Decision.
3.The annual allocation of the amount set out in paragraph 1 shall be comprised of the net revenue from the investments and the cash amount to be generated by selling part of the assets.
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