[PDF] european green deal investment plan’ com(2020) 21 final

What is the European Green Deal investment plan?

The investment plan, which complements other initiatives expected under the European Green Deal, aims to make available and leverage the funding necessary for the transition up to 2030, by seeking to put sustainability at the heart of investment and expenditure both in the public and private sectors.

Will the Sustainable Europe investment plan help the green transition?

On 13 November 2020, Parliament adopted the resolution that welcomes the Sustainable Europe Investment Plan as central to the success of the green transition. The text questions whether the plan, in its current form, will enable the mobilisation of €1 trillion by 2030, given the negative economic outlook triggered by the pandemic.

Will the €1 trillion investment plan transform the European economy?

An analysis by the CEPS think-tank gives a mixed picture of the investment plan, saying that the €1 trillion amount announced by the European Commission is significant but unable to transform the European economy, since it represents less than 1 % of the EU’s gross domestic product (GDP).

What should the EU do about green budgeting?

A joint effort between the EU and its Member States should ensure that the investments are directed to the most sustainable projects. The Commission will work with the Member States to screen and benchmark green budgeting practices.