EU agrees green stimulus

The EU has agreed a €672bn recovery fund, 37 per cent of which must be invested in projects that support climate objectives.

However, some questions remain as to how ‘green’ certain supported projects are when the package includes blanket support for ‘alternative fuels’ such as biofuels and gas.

William Todts, Transport and environment (T&E)’s executive director, said: “This is the biggest green stimulus plan ever. But it’s absurd that this deal greenlights governments’ squandering of EU money on things like fossil gas and high-emitting biofuels while not having a word to say about electric cars and trucks.”

T&E said the European Commission can still stop fake green investments if it takes seriously the Do No Harm principle, which is enshrined in the plan. Campaign groups will continue their fight to stop stimulus going to polluting industries. Earlier this year an appeal by 130 NGOs for a ‘Green and just Recovery’ attracted the support of more than 1.3 million people.

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