According to the CAT, "This Mechanism allows member states to reach their renewable energy goals by funding development of renewables in other EU member states where it could be more cost competitive. To avoid double-counting, the countries in which these projects are hosted cannot account for the installed capacity in their renewable energy goals, but benefit from the emissions reduction, job creation, and reduced energy dependency. The potential of the Mechanism is significantly increased by also opening it to private investors, and the possibility of using resources from the recovery fund."