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EU’s £1trillion ‘Green Deal’

EU’s £1trillion ‘Green Deal’ 15 January 2020

EU unveils plan to dedicate a quarter of its budget fighting climate change with €1 trillion ‘green deal’ (via The Independent)

By Jon Stone

Brussels unveiled a €1 trillion investment plan to fight climate change on Tuesday, laying out a roadmap which would put the EU on the path to becoming the first carbon–neutral continent by 2050.

The European Commission’s proposals would dedicate around a quarter of the EU budget to the task, with a new mechanism to help regions facing disruption because of the transition to a net zero–carbon economy. 

The latest proposal for a “Just Transition Mechanism” is a bid by Brussels to convince coal dependent member states like Poland to get onboard with the plan.

Read more via The Independent