The EU’s renewable energy industries commend the European institutions for agreeing that 37% of Recovery & Resilience Facility funds should be used for climate-related spending. As the discussions enter the trilogue phase, EUREC together with other energy industry associations call on the co-legislators to ensure that the Recovery & Resilience Plans are fully consistent with the EU’s commitments under the Paris Agreement and the EU’s own objective of climate neutrality by 2050. To this end, we call on the co-legislators to ensure that:
- The 37% climate mainstreaming target remains in place.
- The Recovery & Resilience Facility funds prioritise green investments such as the development of additional renewable energy capacity, the integrated renovation of buildings, the deployment of on-site and nearby renewable heating and cooling solutions, the uptake of clean mobility and smart charging infrastructure, and smart grid projects.
- The Recovery and Resilience Plans not finance activities that lead to a lock-in of fossil fuel assets.
The Recovery and Resilience Facility is a once in a generation opportunity to lay the groundwork for climate neutrality in the EU. The benefits are clear: EU global leadership in the energy technologies of the future, millions of additional jobs, enhanced energy system efficiency, and billions saved on energy bills.