EC: Remarks by Executive Vice-President Frans Timmermans at the Press Conference on a Green and Just Recovery
Opening Remarks by Executive Vice-President Frans Timmermans at the Press Conference on a Green and Just Recovery
After yesterday’s presentation of the package, we know what the dimensions are of the problem we need to face. We know what the dimensions will be of the response in financial terms of the EU. We now have to talk about the content of that response.
For us, if we take on this extra burden of loans and grants, of a higher EU Budget, we have to make sure that we take decisions that will take us to the future and not into the past. The future is with a green, resilient and digital economy that makes sure that there are sustainable jobs, economic growth and that we are able to react to other challenges when they come.
We need to get it right from the get-go. We need to make sure that the investments we do take us into the 21st century and that we do not put money into assets that will be locked into the past. That money will be lost. We need an economy that supports our health, our well-being and creates stronger resilience.
The MFF with its 25% allocation for climate action remains the bedrock of our green transition and our economic recovery. And under this new recovery instrument, NextGenerationEU, we will support the investments and reforms that are essential for a sustainable recovery. Under the new programs, Member States will design National recovery plans with a twin green and digital transition at their heart. They will be assessed accordingly. This way we are ensuring that the money is spent in line with our Green Deal and digital ambitions, underscored again also by the European Council.
Source: European Commission
In: Environment & Energy