{"id":2008577,"date":"2026-06-24T09:53:34","date_gmt":"2026-06-24T06:53:34","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2008577"},"modified":"2026-06-24T09:53:34","modified_gmt":"2026-06-24T06:53:34","slug":"twelve-eu-countries-seek-green-funds-beyond-2030-to-cope-with-energy-transition","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2008577","title":{"rendered":"Twelve EU countries seek green funds beyond 2030 to cope with energy transition"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/81\/07\/57\/1200x675_cmsv2_c1da2c25-13eb-5ca2-98d1-a3722760457f-9810757.jpg&#8221;]<\/p>\n<article id=\"abe-2904571-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2904571\" data-cid=\"9812055\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904571-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img 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woman shields herself from the sun as she walks near the Eiffel Tower in Paris \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Heatwave forces Eiffel Tower early closure and attraction shutdowns\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904622-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2904622\" data-cid=\"9811968\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904622-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/19\/68\/189x106_cmsv2_b28af993-d315-508d-b44a-6e1ac939d61c-9811968.jpg\" loading=\"lazy\" alt=\"European Union foreign policy chief Kaja Kallas.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n    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id=\"abe-2904629-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2904629\" data-cid=\"9811998\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904629-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/19\/98\/189x106_cmsv2_e4a1e07b-1786-5129-abdb-6b5a0970c881-9811998.jpg\" loading=\"lazy\" alt=\"A woman shields herself from the sun as she walks near the Eiffel Tower in Paris \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Heatwave forces Eiffel Tower early closure and attraction shutdowns\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2904622-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2904622\" data-cid=\"9811968\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904622-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/19\/68\/189x106_cmsv2_b28af993-d315-508d-b44a-6e1ac939d61c-9811968.jpg\" loading=\"lazy\" alt=\"European Union foreign policy chief Kaja Kallas.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    EU diplomatic service announces new top posts with defence focus\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Europe<\/p>\n<p>                          Europe News<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Twelve EU countries seek green funds beyond 2030 to cope with energy transition<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/07\/57\/1536x864_cmsv2_c1da2c25-13eb-5ca2-98d1-a3722760457f-9810757.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Steam and smoke rise from power plant located by the Turow lignite coal mine near the town of Bogatynia, Poland.\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Steam and smoke rise from power plant located by the Turow lignite coal mine near the town of Bogatynia, Poland.<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo \/ Petr David Josek<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo \/ Petr David Josek\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspMarta Pacheco\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1782294814\">\n         Published on<br \/>\n            <time datetime=\"2026-06-24 11:53:34 +02:00\">24\/06\/2026 &#8211; 11:53 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" 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u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The member states are historically more dependent on fossil fuels than other EU countries, and have benefited since 2021 from special funding to cope with the accelerating shift to renewable energy sources.<br \/>\n    <\/h2>\n<div class=\"c-article-content js-article-content\">\n<p>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&#8217;s economic competitiveness and energy security may slow down.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>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.<\/p>\n<p>The Modernisation Fund has been financing several EU countries since January 2021, drawing its revenues entirely from auctioning 2 percent to 4.5 percent of the bloc&#8217;s carbon market, the Emissions Trading System (ETS). It has mobilised over \u20ac57 billion for the 2021\u20132030 period and it is meant to be terminated by 2030.<\/p>\n<p>But with increasing geopolitical stability driving up energy prices, the 12 countries historically dependent on imported fossil fuels argue it&#8217;s too early to consider ending such EU funding.<\/p>\n<p>&#8220;We call for the continuation and strengthening of the Modernisation Fund beyond 2030 (and) for a significant increase in the scale of financing, aligned with the growing challenges of the transition,&#8221; reads the letter, which was sent in anticipation of an ETS revision slated for 15 July. <\/p>\n<p>&#8220;From the EU\u2019s perspective, the Modernisation Fund enables less affluent member states to undertake ambitious, capital-intensive investments, thereby contributing to their strategic resilience and autonomy from imported fossil fuels.&#8221;<\/p>\n<h2>Just transition<\/h2>\n<p>Several EU member states supported by the Modernisation Fund face significant challenges due to their historical dependence on fossil fuels and legacy energy systems. <\/p>\n<p>Poland has long relied heavily on coal for electricity generation and employment, making the shift to cleaner energy both economically and socially complex; Slovakia, Bulgaria, Romania and others have historically depended more on fossil fuels and often face challenges related to ageing energy infrastructure, investment gaps, and concerns about energy affordability and security.<\/p>\n<p>The letter argues that the last five years have shown that the Modernisation Fund is both &#8220;effective and adaptable&#8221;, channelling resources directly into energy transition projects and helping beneficiary countries undertake large-scale investments that might otherwise be difficult to finance. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Bulgaria and Poland to increase climate adaptation and just transition efforts, Commission says<\/li>\n<\/ul>\n<\/div>\n<p>&#8220;At a time when many EU funding instruments face increasing complexity and administrative burden, it provides a proven model for delivering climate and energy objectives while ensuring sound governance,&#8221; reads the letter.<\/p>\n<p>The governments argue that this has increased public support for EU climate policies by delivering visible benefits to local economies and communities.<\/p>\n<p>Gligor Rade\u010di\u0107 of the Central Eastern Europe Bankwatch Network acknowledged that the region requires additional support to catch up with more advanced EU countries, and that current absorption rates from the fund suggest more time may be needed for implementation.<\/p>\n<p>&#8220;However, if (central and eastern European) governments are committed to a genuine energy transition, they must stop opposing the exclusion of fossil fuel, waste and biomass incineration from the fund. These have so far received substantial backing,&#8221; Rade\u010di\u0107 told Euronews.<\/p>\n<p>He also warned against undermining the ETS, arguing it would be a &#8220;significant blow&#8221; to the EU\u2019s decarbonisation efforts and ultimately reduce the financial resources available for the Modernisation Fund.<\/p>\n<p>Recently, Bulgaria, the Czech Republic, Greece, Poland, Romania and Slovakia warned that their steelmakers, cement plants, aluminium smelters and chemical producers are being squeezed between soaring energy costs, geopolitical instability and tightening carbon rules under the ETS.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Electrification, climate finance and Just Transition: Key outcomes of Bonn Climate Change Conference<\/p>\n<\/h3>\n<\/div>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  EU needs long-term climate investment plan aligned with just transition, French MEP tells Euronews<\/p>\n<\/h3>\n<\/div>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Bulgaria and Poland to increase climate adaptation and just transition efforts, Commission says<\/p>\n<\/h3>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  EU Policy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  energy transition<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  just transition<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  carbon emissions<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Fossil fuels<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2904506-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904506\" data-cid=\"9811458\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904506-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/14\/58\/320x180_cmsv2_2d5fd702-440c-545b-8177-242df53249a2-9811458.jpg\" loading=\"lazy\" alt=\"Hungary&apos;s Premier Peter Magyar attends a joint press conference with his Czech, Slovakian and Polish counterpart to conclude the one-day the summit of the Visegrad Group (V4) \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU scales back Ukraine&#8217;s accession plans due to Hungarian resistance<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2904553-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" 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height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2904178-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2904178\" data-cid=\"9809533\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    SpaceX sheds $600 billion in three days and turns to the bond market<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2900867-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2900867\" data-cid=\"9804724\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Flesh-eating bacteria threat looms over Europe&#8217;s coasts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2903730-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2903730\" data-cid=\"9807449\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which EU countries have the most spare rooms amid the housing crisis?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2904303-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2904303\" data-cid=\"9810352\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain toughens rules on e-scooters<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2904276-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2904276\" data-cid=\"9810242\" data-part-label=\"Partner content\">\n<div 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alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2904506-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904506\" data-cid=\"9811458\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904506-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/14\/58\/320x180_cmsv2_2d5fd702-440c-545b-8177-242df53249a2-9811458.jpg\" loading=\"lazy\" alt=\"Hungary&apos;s Premier Peter Magyar attends a joint press conference with his Czech, Slovakian and Polish counterpart to conclude the one-day the summit of the Visegrad Group (V4) \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU scales back Ukraine&#8217;s accession plans due to Hungarian resistance<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904553-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904553\" data-cid=\"9811675\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904553-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/16\/75\/320x180_cmsv2_6c832235-6086-543c-9c8a-0102876b3351-9811675.jpg\" loading=\"lazy\" alt=\"European Commission President Ursula von der Leyen.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU proposes tax overhaul to cut business costs by \u20ac8 billion a year<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904548-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904548\" data-cid=\"9811659\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904548-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/16\/59\/320x180_cmsv2_e7e6dfb3-3e7d-5445-9c37-379668fc3788-9811659.jpg\" loading=\"lazy\" alt=\"Parisians bath in the Canal Saint-Martin in Paris, as the national weather service, Meteo France, placed 54 departments, under a red heat wave alert, June 23, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe heatwave: Power cuts, school closures and 40 deaths in France<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904232-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904232\" data-cid=\"9809845\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904232-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/80\/98\/45\/320x180_cmsv2_fd813f41-221a-50fb-86b8-6cfc30865d1b-9809845.jpg\" loading=\"lazy\" alt=\"A woman shields herself from the sun with a fan in Rennes, western France, Monday, June 22, 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    &#8216;El Ni\u00f1o is a distraction&#8217;: Why is Europe becoming a deadly heat trap?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904581-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2904581\" data-cid=\"9811826\" data-part-label=\"Partner content\">\n<figure id=\"abe-2904581-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/81\/18\/26\/320x180_cmsv2_0e55c0ff-1bb2-5f40-8941-37377d4da861-9811826.jpg\" loading=\"lazy\" alt=\"FILE: A security personnel stands guard as a man carries an Iranian flag during a state-organised rally in Tehran, 29 April 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Iran calls framework deal &#8216;US defeat&#8217; as Trump threatens to halt talks<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904178-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2904178\" data-cid=\"9809533\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    SpaceX sheds $600 billion in three days and turns to the bond market<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2900867-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2900867\" data-cid=\"9804724\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Flesh-eating bacteria threat looms over Europe&#8217;s coasts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2903730-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2903730\" data-cid=\"9807449\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which EU countries have the most spare rooms amid the housing crisis?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904303-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2904303\" data-cid=\"9810352\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain toughens rules on e-scooters<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904276-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2904276\" data-cid=\"9810242\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Extraordinary find: WWII assault gun unearthed<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">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&#8217;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.The Modernisation Fund has been financing several EU countries since January 2021, drawing its revenues entirely from auctioning 2 percent to 4.5 percent of the bloc&#8217;s carbon market, the Emissions Trading System (ETS). It has mobilised over \u20ac57 billion for the 2021\u20132030 period and it is meant to be terminated by 2030.But with increasing geopolitical stability driving up energy prices, the 12 countries historically dependent on imported fossil fuels argue it&#8217;s too early to consider ending such EU funding.&#8221;We call for the continuation and strengthening of the Modernisation Fund beyond 2030 (and) for a significant increase in the scale of financing, aligned with the growing challenges of the transition,&#8221; reads the letter, which was sent in anticipation of an ETS revision slated for 15 July.&#8221;From the EU\u2019s perspective, the Modernisation Fund enables less affluent member states to undertake ambitious, capital-intensive investments, thereby contributing to their strategic resilience and autonomy from imported fossil fuels.&#8221;Just transitionSeveral EU member states supported by the Modernisation Fund face significant challenges due to their historical dependence on fossil fuels and legacy energy systems.Poland has long relied heavily on coal for electricity generation and employment, making the shift to cleaner energy both economically and socially complex; Slovakia, Bulgaria, Romania and others have historically depended more on fossil fuels and often face challenges related to ageing energy infrastructure, investment gaps, and concerns about energy affordability and security.The letter argues that the last five years have shown that the Modernisation Fund is both &#8220;effective and adaptable&#8221;, channelling resources directly into energy transition projects and helping beneficiary countries undertake large-scale investments that might otherwise be difficult to finance.&#8221;At a time when many EU funding instruments face increasing complexity and administrative burden, it provides a proven model for delivering climate and energy objectives while ensuring sound governance,&#8221; reads the letter.The governments argue that this has increased public support for EU climate policies by delivering visible benefits to local economies and communities.Gligor Rade\u010di\u0107 of the Central Eastern Europe Bankwatch\u00a0Network acknowledged that the region requires additional support to catch up with more advanced EU countries, and that current absorption rates from the fund suggest more time may be needed for implementation.&#8221;However, if (central and eastern European) governments are committed to a genuine energy transition, they must stop opposing the exclusion of fossil fuel, waste and biomass incineration from the fund. These have so far received substantial backing,&#8221; Rade\u010di\u0107 told Euronews.He also warned against undermining the ETS, arguing it would be a &#8220;significant blow&#8221; to the EU\u2019s decarbonisation efforts and ultimately reduce the financial resources available for the Modernisation Fund.Recently, Bulgaria, the Czech Republic, Greece, Poland, Romania and Slovakia warned that their steelmakers, cement plants, aluminium smelters and chemical producers are being squeezed between soaring energy costs, geopolitical instability and tightening carbon rules under the ETS.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/my-europe\/2026\/06\/24\/twelve-eu-countries-seek-green-funds-beyond-2030-to-cope-with-energy-transition&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/81\/07\/57\/1200x675_cmsv2_c1da2c25-13eb-5ca2-98d1-a3722760457f-9810757.jpg&#8221;] Culture news Madrid, Woody Allen&#8217;s new cinematic muse Business EU proposes tax overhaul to cut business costs by \u20ac8 billion a year Travel News Heatwave forces Eiffel Tower early closure and attraction shutdowns Europe News EU diplomatic service announces new top posts with defence focus Culture news Madrid, Woody Allen&#8217;s new cinematic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2008577","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2008577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2008577"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2008577\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2008577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2008577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2008577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}