{"id":390802,"date":"2022-08-09T06:30:00","date_gmt":"2022-08-09T04:30:00","guid":{"rendered":"https:\/\/innovationorigins.com\/?p=390802"},"modified":"2022-08-09T06:30:00","modified_gmt":"2022-08-09T04:30:00","slug":"the-long-way-to-europes-green-recovery","status":"publish","type":"post","link":"https:\/\/ioplus.nl\/archive\/en\/the-long-way-to-europes-green-recovery\/","title":{"rendered":"The long way to Europe’s green recovery"},"content":{"rendered":"\n
Read more about the other countries in this project<\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n

In the last months, we published stories about how the 27 EU countries are investing the money they received through the Recovery and Resilience Fund. In this final episode, we look back on the implementation of the plans 2 years after the launching of the instrument by the European Commission. Although this series will take a pause, we will continue to monitor the endeavors of the countries and report on new developments.<\/em><\/p>\n\n\n\n

\u201cEven assuming that 37 percent of each Recovery and Resilience Plan is going on climate investments – and adding the cohesion fund money – there will still be a sizeable investment gap to achieve the EU\u2019s 2030 targets,\u201d comments Olivier Vardakoulias. He\u2019s an economist at Climate Action Network Europe <\/a>– CAN Europe.<\/p>\n\n\n\n

The Recovery and Resilience Facility<\/a> – RRF – is the instrument launched by the European Commission<\/a> to help member states to bounce back from COVID-19\u2019s aftermath. Since its early days, RRF was deemed to help EU countries\u2019 economies to regain the pace they lost in a green way. In light of the previously launched European Green Deal<\/a>, the Commission insisted on a digital and green recovery. 37 and 20 percent are the shares countries had to allocate to climate and digital goals respectively within the plans they had to present.<\/p>\n\n\n\n

The war changed it all <\/h3>\n\n\n\n

Over two years later after its launch, the scenario changed completely. The Russian-Ukrainian conflict set up a new priority on the agenda: becoming independent from Moscow’s gas. In freeing from such reliance, the Commission introduced REPowerEU<\/a> – the European plan to end dependence from Russian fuel. Furthermore, the parliament voted to update its taxonomy for sustainable activities. The update included fossil energy sources on the way to a carbon-free future. <\/p>\n\n\n\n

\u201cDesigning an instrument such as the RRF was a positive thing. After the 2008\u2019s crisis, there wasn\u2019t such a plan albeit many countries were severely affected. The quota for climate tagging and the introduction of the do not significant harm <\/em>– DNSH – principle were positive aspects,\u201d comments Vardakoulias. Despite the good intentions, not everything went as planned.<\/p>\n\n\n\n