Eight countries say gas deserves help as EU readies 'green recovery' fund

The European Commission will present on Wednesday its trillion-euro proposal for the bloc’s next budget, alongside a coronavirus Recovery Fund to mobilise investments in line with its climate goals.

Bulgaria, the Czech Republic, Greece, Hungary, Lithuania, Poland, Romania and Slovakia have asked Brussels not to exclude natural gas projects from future funding.

“It is of crucial importance to maintain EU support and financial assistance for the development of gas infrastructure,” they said in a discussion paper seen by Reuters.

Brussels is under pressure to curb fossil fuel funding as it strives to decarbonise its economy by 2050.

Natural gas produces about half as much CO2 as coal when burned in power plants.

Alongside wind and solar, gas has helped Europe cut emissions by reducing coal use.

But the fuel is incompatible with “net zero” emissions unless gas plants use expensive emissions-capturing technology.

Without gas, achieving climate neutrality will take longer and cost more for coal-heavy countries, an EU official from one country said, asking not to be named.

They called on Monday for the EU to ban gas financing through recovery aid.

“Not one cent should be used to support fossil fuels nor fossil fuel infrastructure,” Climate Action Network said.

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