Poland to finance green and digital economy from EU recovery funds

The Green Deal funds will be spent on energy efficiency, green energy generation, smart grid infrastructure, waste management, efficient use of resources, as well as transport and urban mobility, Kościński explained. Albert Zawada/PAP

The Polish government will spend 30 percent of its allotment of EU post-pandemic recovery funds on Green Deal projects and 25 percent on a digital agenda, in line with EU recommendations, the finance minister has said.

Tadeusz Kościński told a Monday press conference that the EU has set out the conditions and goals for the recovery funds, which have the goal of helping European economies recover from the devastating coronavirus crisis.

The minister stated that the European Commission had set two conditions, namely that 30 percent of the funds should be spent on the Green Deal, while 25 percent should go towards a digital agenda.

"We are suggesting the allocation of EUR 20.5 billion on hte Green Deal policy, which aims to promote the decarbonisation of the Polish economy," he went on to say.

The Green Deal funds will be spent on energy efficiency, green energy generation, smart grid infrastructure, waste management, efficient use of resources, as well as transport and urban mobility, Kościński explained.

Kościński also said that the Connecting Europe and Digital Single Market policies will be allocated EUR 17.6 billion from the newly-acquired funds.