The European Union’s Covid-19 recovery investments are “problably not as green as claimed,” said a report by the bloc’s budget watchdog published on Wednesday. In the wake of the pandemic, the European Commission set up a fund worth almost €700 billion ($772 billion) to help EU member countries invest to modernize economies and foster sustainable growth. At least 37% of the money has been earmarked for climate action to contribute to the bloc’s long-term goal to become climate-neutral by 2050. The European Court of Auditors (ECA) claims that the commission overestimated the amount of funding f…