Politics
Plan to Kickstart EU’s Green Deal Comes With $1 Trillion in Cash
- Sustainable Europe investment plan to be unveiled on Jan. 14
- EU to create fund for regions most affected by green shift
This article is for subscribers only.
The European Union will unveil next week an investment plan designed to mobilize at least 1 trillion euros ($1.1 trillion) over the next decade for an unprecedented shift to a climate-neutral economy.
The Sustainable Europe Investment Plan will be the financial pillar of the Green Deal, a sweeping strategy to eliminate greenhouse gases by the middle of the century. The European Commission, the bloc’s executive arm, wants to pull together a set of new policy initiatives with existing tools and ensure a coherent framework that will spur investment from every corner of the EU, according to a draft document seen by Bloomberg News.