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

📆 4/27/2020 1:50 AM
📰 The Straits Times

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York plans how to return to business amid pandemicNEW YORK — Banks are considering letting some employees keep working from home indefinitely, and staggering the shifts of those who do come into the office.
Source: TODAYonline - 🏆 1. / 99 Read more »