European car manufacturers are some of the biggest beneficiaries of the European Recovery and Resilience Fund (RRF). These Brussels billions have been earmarked to accelerate the green transition. Problem is, part of these automotive investments could actually extend fossil fuel use, and with it, the stifling dependence on Russian gas and oil.
EU member states and the European Commission negotiated behind closed doors on how to spend the Covid-19 recovery fund’s 723.8 billion euros. Journalists from across the bloc requested that the Commission provide insight into those discussions. But even though it pays lip service to the importance of transparency, the Commission is refusing to disclose hundreds of documents.
The EU has set up a 723.8 billion euro recovery fund to help member states boost their post-pandemic economy. But there is a lack of democratic oversight on how those European billions will be spent.