European recovery bonds and recovery fund: yes, if they are green and work for the most impacted

The document advocates for the issuance of common European debt to fund a sustainable recovery from the Covid-19 crisis. It proposes a 'Green Solidarity Fund' that would exclude fossil fuel activities and prioritize environmental protection and social equity. The author argues that a green recovery is only possible if it includes a rapid phase-out of coal, oil, and gas to meet Paris Agreement goals, suggesting that the debt could be reimbursed through a carbon frontier tax or financial transaction taxes.

• The author contends that any recovery financing, whether through Recovery Bonds or an extra-EU budget, must be dedicated to the green transition, which necessitates both increasing green activity financing and a rapid phase-out of fossil fuels.
• To meet international climate objectives, the document states that coal must be phased out by 2030 in Europe and OECD countries, and by 2040 globally.
• The document proposes a 'Green Solidarity Fund' based on principles that exclude all fossil fuel and highly polluting activities, integrate social and environmental reporting (potentially using Green or Brown Taxonomies), and prioritize biodiversity and health protection.
• The author suggests that the common debt could be repaid using new EU-level resources, specifically proposing a carbon frontier tax, a solidarity tax, or a tax on financial transactions.

APA

admin (2020). European recovery bonds and recovery fund: yes, if they are green and work for the most impacted. Reclaim Finance. https://reclaimfinance.org/site/en/2020/04/22/european-recovery-bonds-and-recovery-fund-yes-if-they-are-green-and-work-for-the-most-impacted/

Chicago

admin. European recovery bonds and recovery fund: yes, if they are green and work for the most impacted. Reclaim Finance, 2020. https://reclaimfinance.org/site/en/2020/04/22/european-recovery-bonds-and-recovery-fund-yes-if-they-are-green-and-work-for-the-most-impacted/.

Wikipedia

{{cite press release |last1=admin |title=European recovery bonds and recovery fund: yes, if they are green and work for the most impacted |publisher=Reclaim Finance |date=22 April 2020 |url=https://reclaimfinance.org/site/en/2020/04/22/european-recovery-bonds-and-recovery-fund-yes-if-they-are-green-and-work-for-the-most-impacted/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020european, author = {admin}, title = {{European recovery bonds and recovery fund: yes, if they are green and work for the most impacted}}, publisher = {Reclaim Finance}, year = {2020}, month = apr, url = {https://reclaimfinance.org/site/en/2020/04/22/european-recovery-bonds-and-recovery-fund-yes-if-they-are-green-and-work-for-the-most-impacted/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }