How has the more than €600 billion recovery plan revitalised Europe?
Summary
The European Union agreed on a €750 billion recovery plan called NextGenerationEU in 2020 to help member countries recover from the Covid pandemic. By the end of this year, the EU will have spent €634 billion, funding projects like improving energy efficiency in schools, with Belgium focusing much of its €5.3 billion recovery money on green projects.Key Facts
- The EU's recovery plan, NextGenerationEU, was created in 2020 with a budget of €750 billion.
- So far, €634 billion has been spent under this plan by the end of 2026.
- Belgium received €5.3 billion from this recovery fund.
- Over half of Belgium’s recovery funds are used for green transition projects, meaning projects focused on the environment and energy saving.
- One specific project is renovating 149 schools in Belgium’s French-speaking community to improve energy efficiency.
- Some school buildings, like Athénée royal de Ganshoren, were in very poor condition but are now being fixed.
- Many schools in this community still need upgrades because they are old and use too much energy.
- The recovery plan helped modernize infrastructure and support environmentally friendly development in Europe.
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