Europe approves €17.5bn green transition package

The European Council has today approved the block’s flagship €17.5 billion (£15bn) fund to help its member states distance from fossil fuels and reduce carbon dioxide emissions.
The package will finance projects aimed at supporting the clean energy transition of communities that rely on carbon-intensive industries.
To be eligible to receive funds, countries must submit detailed plans to the European Commission explaining how they would use the awarded money.
Under the new rules