Source: European Parliament
B10‑0069/2024
Motion for a European Parliament resolution on the audit of green investments in light of Northvolt developments
The European Parliament,
– having regard to Rule 149 of its Rules of Procedure,
A. whereas concerns have arisen over the efficiency and cost-effectiveness of EU climate policy, with companies such as Northvolt benefiting from public subsidies and loans from the European Investment Bank, despite considerable financial difficulties;
B. whereas the European Court of Auditors’ special report 14/2024 found that green spending under the Recovery and Resilience Facility (RRF) could be overestimated by up to EUR 34.5 billion, with some projects having minimal impact on the energy transition or even causing environmental harm;
1. Urges the Commission to ensure rigorous oversight of green investments benefiting from EU funding and to assess their efficiency and overall contribution to the EU’s efforts to improve its competitiveness;
2. Stresses the importance of safeguarding taxpayer contributions by ensuring that public funds and subsidies from the EU budget and the RRF are used transparently and provide clear value for money;
3. Calls for the establishment of clear, measurable criteria for green investments under the EU budget and RRF to ensure that only projects with significant and proven environmental and economic benefits receive funding, thereby enhancing accountability and long-term sustainability.