EU States Urged To Raise Green Investment Ambitions
20 Apr, 2020

EU member states need to commit more funding to renewables investments, according to a new report. “Funding climate and energy transition in the EU: the untapped potential of regional funds”, published by Brussels-based NGO Climate Action Network (CAN) Europe, found only 9.7% of current EU funds for 2014-2020 have been invested in clean energy infrastructure.

Member states must “urgently review” the way they spend the future 2021-2027 EU budget if they are serious about achieving climate neutrality in practice while rolling-out long-term investments which can stimulate the sustainable economic recovery, said the NGO. The report noted economic support measures currently being developed and discussed are “much needed” in the fight against the health and economic crisis caused by COVID-19.