Monday, 27 Apr 2020 07:25 AM MYT
With the bloc headed for a steep recession and its executive, the European Commission, drawing up €1 trillion recovery plan, calls are growing from politicians, companies and campaigners to make sure the money does not prop up environmentally damaging industries. “The opportunity for a resilient, sustainable and fair economic recovery is right before us. We encourage all governments, public institutions and the private sector to use the right tools for the job,” it said in a statement.
“If some of the financing goes to propping up polluting practices, it just increases the risk exposure for these investors when more disruptive policies have to inevitably be implemented later.”
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