EU funds need to catalyse the transition away from fossil fuels

Financing the transition

The Recovery & Resilience Facility (RRF), the Just Transition Fund (JTF) and the European Regional Development Fund and Cohesion Fund (ERDF/CF) represent an unprecedented investment in EU economic recovery, structural reforms and regional development.

How these funds are designed and spent depends on member states’ priorities and will send a signal to investors. The investments will furthermore shape Europe for decades to come – including whether it achieves or fails to meet its climate, environment and biodiversity commitments and whether this happens in a just and inclusive manner.

This briefing outlines the opportunities to use the funds effectively. Financing fossil fuels, including fossil gas projects, will fail to deliver a fairer, healthier and sustainable future for the EU’s citizens.

Briefing for Member States on recovery, transition and structural funds December 2020

RELATED NEWS_

Report

EU Parliament Scoreboard​: Protectors, Procrastinators & Prehistoric Thinkers

New in-depth data research from five leading climate and environment organisations reveals that only a minority of MEPs during the 2019 – 2024 mandate acted to protect Europe’s climate, nature and air quality. The majority of MEPs acted instead as either procrastinators or prehistoric thinkers, delaying real action with patchy and inconsistent voting records, or worse, completely failing to rise to the challenge of the crises Europe is facing.

Read More »