The T-MED Trans-Mediterranean Renewable Energy and Clean-Tech Initiative provides EUR 5 billion in guarantees intended to mobilise up to EUR 25 billion of clean energy investment in the region.

Omissions

• The Commission states 'more than EUR 5 billion' in guarantee capacity, so EUR 5 billion is a floor rather than an exact figure.
• The EUR 25 billion is a mobilisation target/aspiration by 2035, not money already committed or disbursed; secondary analyses describe T-MED partly as a matchmaking/coordination platform that seeks to match existing EU financial instruments with projects.
• The guarantees come from the existing EFSD+ guarantee capacity rather than a newly created stand-alone fund, and the geographic scope is the EU's southern neighbourhood/Mediterranean partner countries rather than the EU itself.

Sources

• PrimaryEuropean Commission – Press release IP/26/1301 'EU to mobilise up to €25 billion for renewable energy and clean technology by 2035 through Pact for the Mediterranean'Headline: 'EU to mobilise up to €25 billion for renewable energy and clean technology by 2035 through Pact for the Mediterranean'. 'At its core, T-MED seeks to strengthen energy cooperation across the Mediterranean. By 2035, the initiative is expected to contribute to the...'
• PrimaryEuropean Commission – DG Middle East, North Africa and the Gulf: 'EU to mobilise up to €25 billion for renewable energy and clean technology by 2035 through Pact for the Mediterranean''The European Commission has made available more than €5 billion in guarantee capacity under the European Fund for Sustainable Development Plus. This guarantee...' (in the context of mobilising up to €25 billion by 2035 through T-MED).
• PrimaryEuropean Commission – 'Trans-Mediterranean Renewable Energy and Clean-Tech Cooperation Initiative (T-MED)' programme page'The Trans-Mediterranean Renewable Energy and Clean-Tech Cooperation Initiative, T-MED, aims to accelerate renewable energy and clean technology cooperation'; 'EU to mobilise up to €25 billion for renewable energy and clean technology by 2035 through Pact for the Mediterranean initiative.'
• SecondaryInnovation News Network – 'EU launches €25bn T-MED initiative to boost clean technology and renewables across Mediterranean''The European Commission has made available more than €5 billion in guarantee capacity under the European Fund for Sustainable Development Plus.'
• SecondaryLinklaters Sustainable Futures – 'EU Launches T-MED: A Matchmaking Platform for Renewable Energy Cooperation''The initiative seeks to match up to €25 billion of existing EU financial instruments in investment with suitable projects across renewable...'