Twelve European Union countries are asking the European Commission to preserve and expand a key fund for lower-income countries investing in the energy transition beyond 2030, arguing that without it, the bloc's economic competitiveness and energy security may slow down.
In a letter addressed to Climate Action Commissioner Wopke Hoekstra and seen by Euronews, Croatia, Bulgaria, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia argue that the Modernisation Fund remains a crucial instrument for EU countries facing substantial investment needs in the transition to cleaner energy systems.
