EU FUNDS FOR A GREEN RECOVERY: Recommendations for Member States to use EU regional and recovery funding towards clean energy transition

Financing the transition

The report “EU funds for a Green Recovery: Recommendations for Member States to steer EU regional and recovery funding towards climate neutrality”, published by Climate Action Network (CAN) Europe and CEE Bankwatch Network, identifies concrete investment proposals as listed in National Energy and Climate Plans (NECP) of 14 Member States to be funded in order to ensure a green recovery. 

It analyses investments and measures presented in the NECPs of the following 14 Member States: Bulgaria, Croatia, Czechia, Denmark, Estonia, France, Hungary, Latvia, Poland, Portugal, Romania, Slovakia, Slovenia and Spain. It points out the measures in NECPs that are set to receive funding from the next EU budget and recovery funding, makes the case for significant spending improvements to boost climate ambition, and indicates harmful measures in the NECPs that should be excluded from the EU funding. 

The report makes it clear that if the EU funds are used wisely, they could both ensure a green recovery and boost climate ambition. 

EU FUNDS FOR A GREEN RECOVERY report July 2020

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