Page content
Update of the public financing of the Green Deal in 2024: European Union budget, Next Generation EU and European Investment Bank
The analysis of public financing for the European Green Deal in 2024 highlights a mixed trend. On the one hand, the overall budget dedicated to climate and environmental objectives under the Multiannual Financial Framework (MFF) has experienced a 4.4% decline compared to 2023. This suggests that budgetary constraints and shifting political priorities may be impacting financial commitments towards the Green Deal. On the other hand, the Next Generation EU (NGEU) instrument continues to play a significant role in financing the green transition, with a rather small increase in disbursements compared to previous years. As of March 2025, total RRF payments have reached €306.15 billion, with €58 billion directly allocated to the green transition pillar. This underscores the continued relevance of the Recovery and Resilience Facility (RRF) in supporting climate-related investments. Despite the importance of these funding mechanisms, access to precise and up-to-date information on the overall amount of public funds disbursed remains a challenge. […]