EU's pandemic recovery spending should be guided by green finance plan, experts say

📆 27/04/2020 02:50 a. m.
📰 The Straits Times

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LONDON (REUTERS) - Planned European Union rules requiring investments to be in line with climate policy should be used to guide economic recovery measures after the coronavirus pandemic, despite not yet being law, the bloc's expert advisers said on Monday (April 27).. Read more at straitstimes.com.

LONDON - Planned European Union rules requiring investments to be in line with climate policy should be used to guide economic recovery measures after the coronavirus pandemic, despite not yet being law, the bloc's expert advisers said on Monday .

However, the Commission's Technical Expert Group , a 35-member panel of investors, business leaders and climate policy experts, said the rules - designed by the TEG, at the Commission's request - should inform stimulus plans now. "There's going to be, potentially, a surge of public and private spending to reboot the economy," said Nathan Fabian, chief responsible investment officer at the UN-backed Principles for Responsible Investment investor group and member of the TEG.

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