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