The European Union plans to dedicate a quarter of its budget to tackling climate change and to help shift 1 trillion euros ($1.1 trillion) in investment towards making the economy more environmentally friendly over the next 10 years.
The European Union plans to dedicate a quarter of its budget to tackling climate change
European Commission President Ursula von der Leyen delivers her speech at the European parliament Tuesday, Jan.14, 2020 in Strasbourg, eastern France. Croatian Prime Minister Andrej Plenkovic will present the priorities of the rotating Council presidency for the next six months. (AP Photo/Jean-Francois Badias)
BRUSSELS -- and to help shift 1 trillion euros ($1.1 trillion) in investment towards making the economy more environmentally friendly over the next 10 years.
Von der Leyen, who took office in December, has made the fight against climate change the priority of her mandate.
The plan would allocate the money according to specific criteria. For example, regions where a large number of people work in coal, peat mining or shale oil and gas would get priority.
“The workers losing their jobs should be helped for re-skilling. There will be support for new infrastructure, job-seeking assistance, investment in new productive activities. And the regions where existing activities will cease will also need to be regenerated," he added.
“It carries a one-trillion euros prize tag," he said. “Where the money should be coming from remains extremely unclear. We are against the recycling of promises and money. We don’t back creative bookkeeping and financial adventures.”
The commission says the plan will also be supported by money from EU regional programs, from the InvestEU program, which mobilizes public and private investment using an EU budget guarantee, and the European Investment Bank.
Projects including nuclear power won't be eligible for funding, except for those related to Euratom's program for nuclear research and training.Read more: ABC News
I don't trust this lady. Real Socialism. The GreenDeal is a major push to rejuvenate the Euro, by concentrating and Regulation efforts the aim is to increase control and revitalize the Economy. FinanceCapitalism GreenBiz Occult Predestination Prophecy Reformation Reinventingmoney SeventhDay Truth Bible
Realistic goals & achievable. That means taxes will rise and the EU economy will decline further Quangos a go go Absolutely welcome! bigger jobs is why R Gotta love Europe...only if America followed suit
U.S., Japan, EU to meet on China ahead of Wednesday trade deal signing: USTRTop trade officials from the United States, Japan and the European Union will hu... A nuclear bomber, a victim. How is Japan so satisfied with its killer?
Fresh Green Bean RecipesUse fresh green beans to make delicious side dishes or hearty, fresh salads. Get these recipes and more on Food & Wine.
NFL Playoffs Win Sunday TV Ratings With Seattle-Green Bay Showdown; Critics’ Choice Awards Ticks DownFox won Sunday night with a massive NFL divisional playoff game in primetime, where the Green Bay Packers beat the Seattle Seahawks 28-23 and cemented a spot in the NFC Championship Game against th…
Seahawks vs. Packers Live Updates: Rodgers Puts Green Bay Up, 7-0Green Bay is hosting Seattle in a game that will send its winner to the N.F.C. championship game against San Francisco. no one cares about football boomer
Billy Porter & More Stun in Minty Green at 2020 Critics' Choice AwardsBilly Porter, Lucy Hale and more stars are making a state-mint at tonight's 2020 Critics' Choice Awards. Why are we so afraid of masculinity? 😳 Only 3 of those were minty green, one was blue, one was dark green, one was light green, one was neon green-yellow and one was Tiffany blue. Even I could tell and I'm not good at telling colours apart
On Instagram, Houseplant Sellers Turn Likes Into Green ThumbsHouseplants are booming on Instagram, where young entrepreneurs — or plantrepreneurs, as some call themselves — are building businesses selling plants and teaching others how to keep them alive 👍 dumpling_bby no idea if this is the same concept for the company you work for but I thought of you while reading this Oh so 70s.