May 14, 2021
A European economy back on track for recovery and climate neutrality.
The overall objective of this project is to support the interplay between national governments and the European Commission to fully use opportunities from the EU budget for front-loading green investments. And thereby put the European economy on a credible and inclusive path towards climate neutrality while accelerating recovery.
Concretely, the project will:
provide critical information to the climate community on green finance opportunities in the new EU financial framework;
build capacity of the public and private finance community on key investment challenges and opportunities in Europe’s clean energy transition;
elaborate, for select European countries, concrete and comparable national-level assessments that link public finance opportunities to transformative, large-scale investments in key sectors;
develop generic insights on how a combination of EU financing and domestic policy and regulatory reforms could be integrated into the EU’s long-term economic (European Semester) as well as climate and energy planning processes (National Energy and Climate Plans).
Next Generation EU to green the economy
The Next Generation EU (NGEU) and programmes under the 2021-2027 EU Multiannual Financial Framework (MFF) will support recovery post-COVID-19 in Europe with €1.8 trillion in funding. Member States should use these resources as much as possible for greening their economies. Accelerating climate protection over the next decade is crucial for achieving the EU’s increased 2030 climate target and the goal of climate neutrality by 2050 at the latest.