Joint letter to Ministers on the Council proposal to keep the doors of the ETS Modernisation Fund open to fossil gas investments

Despite the present energy and geopolitical crisis that has clearly exposed how much the EU and its citizens are vulnerable and dependent on fossil fuels (particularly fossil gas), the Council is proposing to keep the doors of the ETS Modernisation Fund open to fossil gas investments and lock the beneficiaries of the Fund to expensive and unsustainable fossil fuels for decades to come.

In this joint letter, NGOs urge the Member States to disallow any use of the Modernisation Fund for any fossil fuel projects and adopt a position aligned with that of the European Parliament.