Today, the Unify consortium publishes “The contribution of EU spending plans to ambitious NECPs: Comparing funds mobilised vs. climate investment needs to 2030“.
The RRF and Cohesion Policy funds combined make up for a very large fraction of dedicated EU funds that can be mobilised for financing climate and
energy transition related investments. This is why developing ambitious spending plans (National Recovery and Resilience Plans and Operational Programs) to use them can vitally contribute to the achievement of ambitious national climate and energy targets, soon to be revised upwards in the upcoming NECPs revision process.
As such, through an empirical assessment of investment plans in NRRPs and OPs respectively, the present report provides a preliminary quantification of their contribution to 2030 targets for a sample of 7 Member States that are significant recipients of EU funds. To what extent are investments mobilised via NRRPs and OPs sufficient to meet climate and energy related investment needs for achieving ambitious 2030 climate targets, and address the need to phase out the EU’s reliance on fossil fuels?
The main conclusion of this preliminary report is that the total funds mobilised by a sample of Member States through the most important EU funds for financing climate and energy transition investments represent only a limited fraction of total investment needs for achieving 2030 targets.
For more information, the full report is available HERE