Each EU member state national plan to access the funds needs to include a minimum of 37 percent of expenditure related to climate: decarbonised transport and charging stations are some of the ideas (Photo: Yadid Levy / Nordic Council)

EU gears up to roll out recovery funds - but not before summer

Green Economy

Health & Society

by Eszter Zalan, Brussels,

The European Parliament is set to give the green light on Tuesday (9 February) to the rules for paying out €672.5bn to member states under the EU's recovery fund aimed to alleviate the economic impact of Covid-19.

But the disbursement of the funds will still take months to start.

EU officials on Monday said that no decision on releasing the funds can be taken before the so-called "own resources" decision is approved by EU countries.

The new own-resources limit, agreed by ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Green Economy Health & Society

Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

Recovery plan slammed for failing to tackle climate crisis

EU leaders agree corona recovery after epic summit