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EU lawmakers set to open door for recovery funds to support fossil gas

(EurActiv, 10 Nov 2020) On Monday (9 November), MEPs in the economic affairs and budgetary committees will vote on the EU’s recovery fund package, but the ban on spending funds on fossil fuels, suggested by the environment committee, will not be in the final agreement.

The negotiated draft, drawn up between the Parliament’s main parties – including the centre-right European People’s Party, the centrist Renew Europe and the Socialists – removed the exclusion list suggested by their own MEPs in the environment committee a month before.

“Other political groups wanted to make a list of types of projects that would be excluded from the start from funding through this mechanism,” Siegfreid Muresan, a Romanian EPP member and rapporteur on the proposal, wrote on his website.

“They wanted an explicit ban on financing investments in fossil fuels, including gas. We managed to avoid such a list, especially because, for Romania, gas, based on modern technologies, is a less polluting fuel alternative that can be used during the transition to a green economy,” he said.

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EurActiv, 10 Nov 2020: EU lawmakers set to open door for recovery funds to support fossil gas