The Recovery and Resilience Facility (RRF) entered into force in February 2021. It has financed reforms and investments in Member States from the start of the COVID-19 pandemic and will continue to do so until 2026. To finance a proportion of it, the European Commission, on behalf of the EU, borrowed for the very first time on capital markets. To benefit from the Facility, Member States had to submit national recovery and resilience plans to the European Commission.
The RRF therefore provides an important opportunity for EU Member States to accelerate necessary investments for the green transition. But are they really making full use of this money? This report “Reaching for a green recovery: What holds back progress in ten EU recovery and resilience plans” analyses ten final recovery plans, based on an assessment carried out by CEE Bankwatch Network’s and Climate Action Network (CAN) Europe’s member organisations in ten countries: Czechia, Estonia, Hungary, Italy, Latvia, Portugal, Romania, Slovakia, Slovenia, and Spain.
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