Crunchtime for MEPs to ‘green’ the EU recovery fund
A decision on whether to ban fossil fuel investments from the EU’s economic recovery fund hangs in the balance as lawmakers have given mixed signals on how, and to what extent, the fund should be ‘greened’. Earlier this month, lawmakers on the environment committee called for 47% of the bloc’s €670 billion recovery fund to be invested in projects that won’t exacerbate climate change or the nature crisis. They also voted for fossil fuels to receive no cash from the recovery fund.