Gustavo Philippsen Fuhr on LinkedIn: EU shifts spending focus from climate to defence
EU shifts spending focus from climate to defence
Gustavo Philippsen Fuhr
"No,no,no. The EU is shifting its spending priorities from greening the economy to investing in defence, as the bloc faces backlash over climate regulation and grapples with Russia’s war in Ukraine.
Faced with tightening national budgets, member states have reduced a common fund designed to spur innovation in the bloc from €10bn to €1.5bn — and have ensured that it can only be used for defence-related projects, not green technology or other climate-related investments."
