Investing post-COVID: Is a green recovery assured?

As policymakers turn their attention to the economic recovery post-COVID, there is a risk that investments in a green recovery may be side-lined.

The European Commission maintains that the recovery and future growth of the EU must be sustainable. Commissioner for Internal Market, Thierry Breton, insisted that the new Recovery and Resilience Facility, comprising up to €310 billion in grants, will be awarded to those Member States investing in public projects facilitating the green and digital transitions.

An informal alliance has been launched in the European Parliament on the back of calls from 12 EU environment ministers who have signed an appeal for a green recovery from the COVID-19 pandemic. Ministers appealed for the European Green Deal to be placed at the heart of the EU’s post-pandemic recovery plan. Signatories come from across the political spectrum and also bring together industry CEOs, civil society groups, business associations, trade unions, and think-tanks.

MEP Pascal Canfin remarked: “There will be a before and after COVID-19 crisis. We are choosing to accelerate the ecological transition when the time comes to reinvest in the economy.”

This EURACTIV Virtual Conference discussed the EU’s response to the COVID-19 crisis and whether it will put Europe on the path to a truly sustainable, climate-neutral and just economy.

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