EU to unveil trillion-euro ‘Green Deal’ financial plan

Euractiv | Jan 14, 2020 at 8:46 AM
  • The European Commission will propose on Tuesday (14 January) how the EU can pay for shifting the region’s economy to net-zero CO2 emissions by 2050 while protecting coal-dependent regions from taking the brunt of changes aimed at fighting climate change.
  • The EU executive is to unveil details of its Sustainable Europe Investment Plan, aimed at mobilising investment of 1 trillion euros over 10 years, using public and private money to help finance its flagship project – the European Green Deal.
  • In order to access EU money, countries will need to propose territorial just transition plans, in line with the bloc’s climate goals, that will be vetted by the European Commission.