The Green 10 – the ten largest environmental networks in Europe – have called on the European Parliament to exclude fossil fuels from the EU recovery fund, the Recovery and Resilience Facility, ahead of a key vote in the Economic and Budget committees.
The 672.5 billion euros heavy envelope of the RRF has the capacity to transform the Union’s economy. Continuing to finance fossil fuels, including gas, is unacceptable: it’s in direct contradiction with the climate goals of the Parliament and of the EU as a whole, as well as with the objectives of the Paris agreement and, ultimately, with science.
Thus, the Green 10 urge the European Parliament to exclude fossil fuels from the scope of the RRF, and to create an ambitious legal framework that will steer EU economies towards climate neutrality.
Read the full letter here