EU Commission sets parameters for funding from €750bn Covid recovery package

The Commission said it “strongly encouraged” EU governments to include in their plans investment and reforms in seven key areas, including clean energy technologies and acceleration of the development and use of renewable energy sources. File image

The European Commission has recommended that EU governments spend money from the €750bn EU recovery package to boost the economy after the Covid-19 pandemic on green energy, transport and investment in digitalisation.

The recommendations come in guidelines issued to the 27-nation bloc on how to write up applications for cash from the recovery package so that the Commission, which will be in charge of reviewing them, can accept them.