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The historic EU budget of €1.824 trillion offers plenty of opportunities for green investments
through its various instruments, increased climate mainstreaming and introduction of the do no
significant harm principle.
This guide explains how the various programmes work, how investments into the green transition are triggered and it identifies investment opportunities in four key sectors (industry, buildings, transport and energy).
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EU funds, national stimulus programmes and policy reforms have to go hand in hand.
Despite its historic size, EU funds alone are not sufficient to meet the overall investment needs of the newly raised 2030 climate and energy targets. The instruments under the Next Generation EU and the Multiannual Financial Framework need to be smartly combined with national funding and effectively designed to crowd in private funding in order to deliver a green recovery.
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The Recovery and Resilience Facility complements other more specific EU funding programmes in that it allows investments into all technologies from innovative to mature as well as in all locations.
It can be used to scale up mature clean transition solutions, which in many instances can be deployed quickly. Its specific feature of dealing with investments in conjunction with policy reforms is what will make the difference for sustained green growth. It will be crucial that the Commission applies the necessary scrutiny on the use of funds, enforcing the tracking methodology for the climate target and payment conditionalities.
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