Confirmation from the European Parliament to the green recovery package
The parliamentarys in the European Parliament have unlocked an unprecedented fund that aims to help the European Union (EU) 672.5 billion euro recovery and endurance pack by confirming the coronavirus crisis and rebuilding Europe in a better way. The fund approved by 582 lehte, 40 aleyhte and 69 shotser, is confirmed by EU leaders, 37 percent of the fund for climate-friendly measures, confirmed a political agreement in December. Along with the green light of the Parliament, the total fund will be available in the form of grants and loans distributed to the EU countries for the green transition of 265 billion euros. The regulation will enter into force at the end of this month.
Annation is a historic step for Europe
] [[T]]The Spanish Green Parliament Member Ernest Urtasun, who negotiated for the fund in the economic work committee of the parliament, said, “This agreement is a historical step for Europe”. The package consisting of 312.5 billion euro grant and 360 billion euro credit was designed to help countries get rid of coronavirus secretion, green and digital transition. The President of the Commission Ursula von der Leyen, “It is very important to beat the virus thanks to the tears. However, we need to help citizens from economic crisis of businesses and communities. The recovery and endurance package will also provide 672.5 billion euros to do so. 37 percent of the fund is divided into climate-friendly investments, 20 percent will be allocated to digital spending. Although Green parliamentarians are disappointed that the preservation of biodiversity would not be met by the fund, they said that the new facility will change the rules of the ‘Game’ and ‘the EU solidarity will be an unprecedented sign. [
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37 percent of the gratitude package to the environment
German parliamentary Damian Boeselager, which is negotiating for Greens in the budget of the parliament, “The first time funds are collected in batches at the European level and is guided by member states based on the economic impact of the coronavirus crisis.” Recovery and durability package is the largest EU program developed to date, the largest component of 750 billion euro New Generation EU recovery package Home. 37 percent part allocated for climate shall be monitored with a new, hybrid methodology based on criteria developed in part of the EU’s green finance classification. Yet they said that environmental NGOs can go further. The WWF (Natural Life Protection Foundation) stressed that the ‘Rio Marker’ methodology, which inflates the climate figures of the fund and heavily ejected by the European Issue.
There is up to 2026 for application
EU countries have now offered to the European Commission for reviewing national recovery plans until April. Once the Commission is approved by the EU member countries and the European Parliament, it will be time up to 2026 to apply them to the countries. However, the Minister of Foreign Affairs, responsible for the European Affairs of Portugal, Paula Zacarias warned that it is much more work to do. During a discussion in the Parliament, it said that the countries have to offer their plans as soon as possible and confirm their decisions that allow the commission to go to markets and finance the recovery package. According to the Portuguese Presidency, the commission received drafts from 19 countries and in a dialogue of the member countries. Luxembourg, Netherlands, Ireland, Austria, Lithuania, Poland, Malta and Estonia have not yet offered their plans.
Fon will go to fossil fuel projects
There are also concerns that some national plans are not subject to sufficient public review. According to the research conducted by Bankwatch, a green NGO, 20 countries had almost no public review on detailing their plans. Projects were not subject to environmental impact assessments required under EU law. One of the most important concerns of environmental groups is that the EU fund will go to fossil fuel projects. This is a possibility that the commission does not really ignore. The proposal for exclusion of all fossil investments of greens was not supported by national governments from mid and eastern EU member countries that plan to invest in gas to gradually eliminate coal, as well as Christian Democrats and liberals in the European Parliament. In order to be included in the funding of the natural gas, it is necessary to meet the criteria of ‘unpretent damage’.
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Sustainable recovery prerequisite[
Sebastien Godinot, an economist in the NGO of protection, “The 37-century climate target in the face is positive but does not contain very low and biological diversity. He spoke to the European Green Mutabakir and his 2030 Biodiversity Strategy. Bas Eickhout, one of the leading names of Green parliamentary and European Parliament from the environmental committee, said: “A sustainable recovery is the precondition of stay under 1.5 degrees. The foundation of this crisis is there. Presenting sustainable plans in the EU countries, while watching them closely, remains to the European Commission. ”
Annation is a historic step for Europe
] [[T]]The Spanish Green Parliament Member Ernest Urtasun, who negotiated for the fund in the economic work committee of the parliament, said, “This agreement is a historical step for Europe”. The package consisting of 312.5 billion euro grant and 360 billion euro credit was designed to help countries get rid of coronavirus secretion, green and digital transition. The President of the Commission Ursula von der Leyen, “It is very important to beat the virus thanks to the tears. However, we need to help citizens from economic crisis of businesses and communities. The recovery and endurance package will also provide 672.5 billion euros to do so. 37 percent of the fund is divided into climate-friendly investments, 20 percent will be allocated to digital spending. Although Green parliamentarians are disappointed that the preservation of biodiversity would not be met by the fund, they said that the new facility will change the rules of the ‘Game’ and ‘the EU solidarity will be an unprecedented sign. [
[
37 percent of the gratitude package to the environment
German parliamentary Damian Boeselager, which is negotiating for Greens in the budget of the parliament, “The first time funds are collected in batches at the European level and is guided by member states based on the economic impact of the coronavirus crisis.” Recovery and durability package is the largest EU program developed to date, the largest component of 750 billion euro New Generation EU recovery package Home. 37 percent part allocated for climate shall be monitored with a new, hybrid methodology based on criteria developed in part of the EU’s green finance classification. Yet they said that environmental NGOs can go further. The WWF (Natural Life Protection Foundation) stressed that the ‘Rio Marker’ methodology, which inflates the climate figures of the fund and heavily ejected by the European Issue.
There is up to 2026 for application
EU countries have now offered to the European Commission for reviewing national recovery plans until April. Once the Commission is approved by the EU member countries and the European Parliament, it will be time up to 2026 to apply them to the countries. However, the Minister of Foreign Affairs, responsible for the European Affairs of Portugal, Paula Zacarias warned that it is much more work to do. During a discussion in the Parliament, it said that the countries have to offer their plans as soon as possible and confirm their decisions that allow the commission to go to markets and finance the recovery package. According to the Portuguese Presidency, the commission received drafts from 19 countries and in a dialogue of the member countries. Luxembourg, Netherlands, Ireland, Austria, Lithuania, Poland, Malta and Estonia have not yet offered their plans.
Fon will go to fossil fuel projects
There are also concerns that some national plans are not subject to sufficient public review. According to the research conducted by Bankwatch, a green NGO, 20 countries had almost no public review on detailing their plans. Projects were not subject to environmental impact assessments required under EU law. One of the most important concerns of environmental groups is that the EU fund will go to fossil fuel projects. This is a possibility that the commission does not really ignore. The proposal for exclusion of all fossil investments of greens was not supported by national governments from mid and eastern EU member countries that plan to invest in gas to gradually eliminate coal, as well as Christian Democrats and liberals in the European Parliament. In order to be included in the funding of the natural gas, it is necessary to meet the criteria of ‘unpretent damage’.
]
Sustainable recovery prerequisite[
Sebastien Godinot, an economist in the NGO of protection, “The 37-century climate target in the face is positive but does not contain very low and biological diversity. He spoke to the European Green Mutabakir and his 2030 Biodiversity Strategy. Bas Eickhout, one of the leading names of Green parliamentary and European Parliament from the environmental committee, said: “A sustainable recovery is the precondition of stay under 1.5 degrees. The foundation of this crisis is there. Presenting sustainable plans in the EU countries, while watching them closely, remains to the European Commission. ”
Source: News