On Thursday 8 June, the European Union’s Modernisation Fund released €2.4 billion to finance 31 projects to modernise energy systems, reduce greenhouse gas emissions and improve energy efficiency in seven beneficiary countries.
Sustained investment will enable these countries to reduce their dependence on Russian fossil fuels, meet their 2030 climate and energy targets and contribute to the EU’s goal of climate neutrality by 2050.
This additional funding comes from revenue derived...