Recovery fund

To help repair the economic and social damage caused by the coronavirus pandemic, the European Commission, the European Parliament and EU leaders have agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe.

This temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. 

Under the facility, EU countries MUST spend a minimum of 37% on green investments and reforms, as well as 20% on digital. The rules also exclude investments contrary to the bloc’s decarbonisation objectives, the so called “do no significant harm” principle. 

The national recovery plans (many released ahead of the April/2021 deadline, to be then reviewed by the European Commission), will be crucial for ensuring a green recovery in Europe. Are national governments really prioritising a green recovery? Will participation opportunities, and the transparency of the process, improve? Will decision-makers in the Commission and elsewhere put their weight behind measures that ensure recovery plans live up to the  enormous opportunity that this unique investment package offers?

sust. finance graph

Source: European Commission website 

Relevant publications

Read the publications about the recovery fund