A missed opportunity: the EU Recovery plans
New analysis shows that most of the EU Member States’ Recovery and Resilience Plans from COVID-19 have missed the opportunity to invest in nature-positive spending. This would provide significant benefits, such as creating jobs and economic value while enhancing long-term resilience, and helping to address the twin crises of biodiversity loss and climate change.
Less than 1% of National Recovery and Resilience Plans (NRRPs) was allocated to nature-based solutions, which have both a short- and long-term payback for economic activity, emissions reductions and biodiversity gains. There is significant risk that this historic opportunity to create a green and just society will be underutilized.
A series of outputs have been produced by a consortium of partners, funded by the MAVA Foundation. It is a collaborative partnership bringing together Bankwatch, Climate and Sustainability, Club of Rome, Euronatur, Nature4Climate, New Economics Foundation, Vivid Economics and the ZOE Institute, working with EU Member States and the EU Commission.