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EU green recovery package sets a marker for the world

May 29, 2020

BY Alexander Kalis
GROUP MANAGING DIRECTOR

By the Guardian

The European commission has put down a marker for the world with its green recovery package. It sets a high standard for other nations, using the rebuilding of coronavirus-ravaged economies to tackle the even greater threat of the climate emergency. The EU’s plan seeks to pour money into emissions-busting sectors: €91bn (£81bn) a year for home energy efficiency and green heating, €25bn of renewable energy, and €20bn for clean cars over two years, plus 2m charging points in five years. Up to €60bn will go to zero-emissions trains and the production of 1m tonnes of clean hydrogen is planned.

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