The fate of the EU's green recovery is tied to the adoption of the EU's next long-term budget and covid recovery package - with 30% of the EU funds to be targeted at combatting climate change. Despite the Council and European Parliament having reached political agreement last week on key elements of the budget/recovery package, the final leg of the negotiations are still turning out to be rather painful. Meanwhile, the EU's net zero agenda is spinning its wheels...
| less than a minute read
EU green recovery stuck in a loop
Get in touch
Get in touch
Hungary and Poland blocked the approval of the EU’s seven-year budget and the recovery fund totalling €1.81 trillion, as both countries continued to oppose the rule of law mechanism attached to the EU funds.
The veto – which could still be overcome at the level of EU27 national leaders – further complicates the arrival of the badly needed EU funds in hard-hit countries like Spain or Italy, at a time when the pandemic continues to spread across Europe and the reinstalled restrictive measures are hampering the recovery.
Get in touch
Get in touch
/Passle/5f6c57568cb62a0d7c9eadee/MediaLibrary/Video/Transcoded/2024-01-17-14-42-06-878-ESGOutlookv3_Long/thumbnails/2024-01-17-14-42-06-878-ESGOutlookv3_Long_HLS_Video_2M_1080P_00002.png)
The Linklaters annual ESG outlook has been published and you can download your copy here. Watch our global head of ESG, Rachel Barrett,...
/Passle/5f6c57568cb62a0d7c9eadee/SearchServiceImages/2024-04-19-09-13-58-307-662235d6dd727cc8ca9c9431.jpg)
/Passle/5f6c57568cb62a0d7c9eadee/SearchServiceImages/2024-04-18-10-48-20-383-6620fa74c42b62f07a0cc8cf.jpg)
/Passle/5f6c57568cb62a0d7c9eadee/SearchServiceImages/2024-04-17-11-28-36-438-661fb264326ad244c0daa546.jpg)
