MEPs support proposal for 40% of EFSI to go to green projects

5 April, Brussels – Members of the European Parliament’s Industry, Research and Energy (ITRE) Committee have voted to support proposals for a minimum of 40% of the infrastructure and innovation line of the European Fund for Strategic Investments (EFSI) to be targeted towards projects that can advance the EU’s emissions pledges under the Paris agreement.

The infrastructure and innovation line takes around three quarters of the €315 billion total EFSI final investment, with the remaining quarter dedicated to SMEs.

The 40% proposal was in the European Commission’s proposal, issued last September, and has also been supported by the Council of the EU. However, it does not have the support of the lead committee on the file, the Budget and Economic Affairs Committee (BUDG), who will vote on the proposals later in April.