Green 10 statement on the application of the Do No Significant Harm criteria in EU funds

Financing the transition

The Recovery and Resilience Facility has been the first major EU funding stream to apply the “do no significant harm” (DNSH) principle, a concept initially introduced by the EU Taxonomy regulation. While the principle that no EU-funded projects should harm environmental objectives is certainly a positive step in theory, the application of the DNSH principle in the context of recovery plans has been highly problematic. Evidence from several recovery plans suggests that, in practice, DNSH criteria were insufficient to prevent environmentally harmful investments, and often resulted in no more than a tick-box exercise of compliance with existing EU legislation.

Please click here to see the Statement-of-the-Green-10-on-the-do-no-significant-harm-principle



Open letter: Support public investments for a stronger, more resilient and sustainable economy

We are deeply concerned about the return of overly restrictive fiscal policy. The final compromise on the reform of the EU economic governance due to be voted on by the European Parliament and the Council is multiplying unsubstantiated and arbitrary numerical benchmarks, which will trigger a wave of cuts to public budgets across Europe. Several countries, such as Germany, France and Denmark, have already cut or are planning to cut green investment and social spending for 2024 and 2025.

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