The EU will work towards a green recovery following a landmark decision by European leaders to adopt a €1.82 trillion budget and COVID-19 recovery package.

Thirty 30% of the total expenditure will target climate-related projects, to be invested between 2021 and 2027. Projects will comply with the EU’s objective of climate neutrality by 2050, the EU’s 2030 climate targets and the Paris Agreement.

Almost €2.2b will be invested towards 140 transport projects. These projects include the construction of EV charging points on the road network, short-sea-shipping projects based on alternative fuels and the installation of on-shore power supply for ports to cut emissions from docked ships.

European Council decision here

Fifth Estate summary article here