The Polish Government has announced that it will spend 30% of its allowance of EU post-pandemic recovery funds on Green Deal projects and 25% on boosting the country’s digital economy.
Tadeusz Kościński, Minister of Finance, Funds and Regional Policy, declared at a press conference on Monday that Poland will prioritise sustainability and digitisation when allocating its financial support from the EU post-pandemic recovery funds. This announcement follows the EU’s new conditions and goals for the recovery funds, which have the aim to help European economies recover from the COVID-19 crisis.
The minister stated that the European Commission had set two conditions – 30% of the funds should be spent on the Green Deal and 25% should go towards a digital agenda. Kościński said: “We are suggesting the allocation of €20.5bn on the Green Deal policy, which aims to promote the decarbonisation of the Polish economy.”
The Green Deal funds will be spent on energy efficiency, green energy generation, smart grid infrastructure, waste management and efficient use of resources, as well as transport and urban mobility.
What is the EU post-pandemic recovery fund?
The European Union launched the recovery fund to help repair the economic and social damage caused by the COVID-19 pandemic. The European Commission believes that this recovery plan can lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe.
The EU’s long-term budget, coupled with NextGenerationEU, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe and lead it toward a greener and more digital future.
In order to receive financial support from the fund, EU countries must agree to a series of priorities, including: digitisation, sustainability, gender equality, agriculture, and biodiversity protection. The new long-term budget will also increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. It is a budget fit not only for today’s realities but also for future uncertainties.