Posted on 02 December 2020
Financing fossil gas will fail to deliver a fairer, healthier and sustainable future for the EU’s citizens.
The Recovery & Resilience Facility (RRF), the Just Transition Fund (JTF) and the European
Regional Development Fund and Cohesion Fund (ERDF/CF) together amount to over €943 billion.
These funds represent an unprecedented investment in EU economic recovery, structural reforms
and regional development. How these funds are designed and spent depends on member state
priorities and will send a signal to investors. The investments will furthermore shape Europe for
decades to come - including whether it achieves or fails to meet its climate, environment and
biodiversity commitments and whether this happens in a just and inclusive manner.
outlines the opportunities to use the funds effectively. Financing fossil fuels, including
fossil gas projects, will fail to deliver a fairer, healthier and sustainable future for the EU’s citizens.