Letter to European Commission: Recovery funding needs to be transparent, transformative and inclusive

Financing the transition

CAN Europe on behalf of member groups in France, Germany and Spain urged the European Commission to take all the necessary measures to ensure all national and EU recovery funding is truly delivering on climate action and the ecological transition.

Unprecedented amounts of public financial resources are being put into the real economy, to cope with the fallouts of an economic crises triggered by the Covid-19 pandemic. The EU budget including the Recovery and Resilience Facility will enable major public investments for the decade to come. 2030 is the year when the EU has to have achieved significant progress in its climate and environmental objectives. The planning process how national and EU funding will be allocated and spent until that date is crucial. Investment decisions made today will shape European economies for decades to come and impact Europe’s pathway towards climate neutrality.

Transparency, good governance as well as climate and environmental conditionality are essential preconditions for sustainable investment planning. At the early stage of the development of national Recovery & Resilience Plans (RRPs), we, the undersigning organisations from France, Spain and Germany, are concerned that these requirements are not being met.

Letter to European Commission – Recovery funding needs to be transparent, transformative and inclusive