The European Parliament approves legislation to accelerate the EU’s climate transition and reduce dependence on fossil fuels from Russia. The initiative has more than 20 billion euros in the form of subsidies to boost member states’ energy recovery and transition plans.
The funds will be distributed according to criteria such as cohesion policy, dependence on fossil fuels and the cost of investments. In fact, Spain will be one of the main beneficiaries with 2.6 billion euros, in addition to the 7.7 billion euros already received in direct aid and 85 billion euros in loans. In this way, Spain will be able to expand its energy policies.
More information in the article in La Razón.