To achieve the goals set by the European Green Deal, the Commission has pledged to mobilise at least €1 trillion in sustainable investments over the next decade.

30% of the EU’s multiannual budget (2021-2028) and the EU’s unique NextGenerationEU (NGEU) instrument to recover from the COVID-19 pandemic, has been allocated for green investments.

EU countries must devote at least 37% of the financing they receive under the €672.5 billion Recovery and Resilience Facility to investments and reforms that support climate objectives. All investments and reforms to be financed in this way must do no significant harm to the EU’s environmental objectives. The Commission, on behalf of the EU, intends to raise 30% of the funds under NGEU…