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