Brussels, Belgium —
The European Parliament has today formally adopted a €5 billion European economic recovery package, with €3.98 billion going to energy projects.
Frauke Thies, Greenpeace EU energy policy campaigner, said:
“The EU talks about creating green jobs and stimulating green recovery, but the truth is it has earmarked twice as much funding for fossil fuel projects than for renewables, and nothing for efficiency. The coal industry will get €1 billion for carbon capture and storage, an expensive and unproven technology.
“This stimulus package is turned on its head. The Parliament only made cosmetic changes to the initial proposal and has done very little to signal a shift away from our dependency on fossil fuels.”