Today the European Commission’s Executive Vice President for the European Green Deal Frans Timmermans and Turkish Minister of Environment and Urbanisation Murat Kurum met in Brussels for a high-level dialogue on climate. Both the EU and Turkey have recently experienced extreme impacts of climate change, such as wildfires and floods; Turkey has also seen the largest ever outbreak of “sea snot” in the Marmara Sea – overgrowth of microscopic algae caused by water pollution and climate change.
Following the positive disbursement decision by the European Commission, the European Investment Bank has made the first payments from the Modernisation Fund. A total of EUR 304.43 million has been made available to Czechia (EUR 202m), Hungary (EUR 11.43m) and Poland (EUR 91m) to finance six investment proposals that have been confirmed as priority investments.
Today, the European Commission has published new technical guidance on climate-proofing of infrastructure projects for the period 2021-2027. The guidance will help mainstream climate considerations in future investment and development of infrastructure projects from buildings, network infrastructure to a range of built systems and assets. That way, institutional and private European investors will be able to make informed decisions on projects deemed compatible with the Paris Agreement and the EU climate objectives.