Source: Kalina Oroschakoff, Politico
Central and Eastern European countries “misspent” billions worth of EU public funds on fossil fuels instead of on renewables and energy efficiency, NGOs CEE Bankwatch Network and Friends of the Earth Europe said in a report released Tuesday.
Examining the spending plans for current 2014-2020 EU budget cycle for Slovakia, Hungary, Romania, the Czech Republic, Bulgaria, Croatia, Poland, Estonia, Lithuania and Latvia, the two NGOs found that of the €178 billion in regional development and cohesion funds aimed at CEE countries, only 7 percent will be spent on greener forms of energy.