After four days of negotiations, the EU member states have agreed on an unprecedented funding package to cushion the effects of the coronavirus pandemic and secure the bloc’s budget until 2027. The 27 governments greenlighted a pandemic recovery programme worth 750 billion euros and a general budget of more than one trillion euros, with about one third of the expenses being earmarked for climate action measures. Clean Energy Wire outlines the agreement’s climate aspects and shows reactions from politicians, NGOs and business leaders in Germany. European Union member states have agreed on a massive green stimulus package, earmarking almost a third of the combined funds from the coronavirus recovery package and the 2021-2027 budget totalling 1.8 trillion euros to fighting the climate crisis. The corona recovery effort will be financed by joint debt of 750 billion euros. Clean Energy Wire

Other contents