MEPs back dedicating 40% of EFSI to green projects

MEPs have supported proposals to guarantee that a minimum share of the money in the EU’s investment fund is used to finance climate and energy efficiency projects

MEPs have supported proposals to guarantee that a minimum share of the money in the EU’s investment fund is used to finance climate and energy efficiency projects.

“At least 40%” of the funding provided through the infrastructure and innovation line of the European fund for strategic investments (EFSI) should go to schemes advancing EU emission-reduction pledges under the Paris Agreement on climate,  the European Parliament’s industry and energy (ITRE) committee said on Monday.

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