EU Gets Ambitious on Climate Change in $572 Billion Stimulus

The EU has agreed on a €1.8 trillion economic rescue plan, with a third earmarked for climate action. The plan aims to achieve climate neutrality by 2050, focusing on renewable energy and electric vehicles. However, details on fund allocation are still pending, and some climate programs may be affected due to budget rebalancing. The Just Transition Fund has been reduced, impacting countries transitioning to greener economies. Despite these challenges, all funds must align with the EU's climate goals.

What challenges are mentioned regarding the Just Transition Fund?

How will the EU ensure that spending aligns with climate neutrality goals?