EU finance ministers agree on funds for energy investments

EU countries have agreed on funding to move away from fossil fuels from Russia and invest more in renewable energy. EU finance and economics ministers agreed Tuesday to reallocate funds from the Covid reconstruction fund to provide an additional €20 billion for energy investments. The plan is part of a proposal made by the EU Commission in May, which EU Commission President Ursula von der Leyen described as a “turbo” for the energy transition.

Continue reading now

Get 30 days of free access to the Professional Briefing to read these and more quality news every day.

Are you already a guest at the Europe.Table? Log in now

Related

    New start for smart meter rollout
    New rules for a more attractive EU capital union
    Study finds evidence of ‘Brussels Effect’
    EU advances WTO case against China