Welcome to the European Parliamentary Research Service podcasts.

The EU has mobilised massive funding to achieve the twin green and digital transitions.

But how is that money being spent?

And how can we accelerate the implementation of reforms in investments in EU countries?

This is one of the 10 issues to watch in 2024 analysed by the

European Parliamentary Research Service. Stay with us. Going greener and digital is crucial

to ensure resilient economies and societies which are able to thrive through sustainable

and inclusive growth.

But this twin transition requires massive additional investments in the EU, estimated at around

650 billion euros yearly for green and digital projects up to 2030. So how is the

EU contributing to footing that bill?

The answer is next generation EU.

With this 800 billion euro instrument, the EU is helping EU countries recover from the pandemic

stronger than before.

And at its core, the recovery and resilience facility which provides grants and loans to support the necessary reforms and investments in EU countries.

It's the largest recovery project in Europe since the Marshall Plan in the late 1940s.

So the money is there, but how is it being spent?

Here's Alessandro D'Afonso from the European Parliamentary Research Service.

Well, most of next generation use resources are channeled through national plans

that EU countries implement under the Recovery and Resilience Facility.

And the latest annual report from September 2023 showed that these recovery plans are supporting a wide range of investment

and reform measures in areas that are strategic for a greener and digital future.

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