Four of the recovery fund will be spent on the environment
The 750 billion euro recovery package prepared for the recovery of European economy was decided to be used for both green and digital transformation. The European Commission officially announced that the recovery package will be divided into 25 percent of the climate actions. Thus, for years between 2021 and 2027, it was formalized to use a trilyonity budget offer for both green and digital transformation of the 750 billion recovery plan.
Von der Leyen: Converts the challenge to the opportunity
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President of the EU Commission Ursula von der Leyen announced his speech in parliament on May 27, Wednesday. Von der Leyen said “Goodization plan, not only by supporting recovery, but investing in our future, but also transforms the opportunity to fight the tremendous challenge we face on the European Green Agreement and digitalization.” [
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Harcama will be guided by a sustainable finance taksonomisi, aiming to redirect private investments to technologies that contribute to at least one of the predefined six environmental targets such as reducing climate change. A ‘loss’ test included in Taksonomide will exclude technologies such as nuclear energy, which is seen in the form of pollution prevention and control.
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’The money will be spent for a cleaner future’
]
The announcement was welcomed by Corporate Investors Climate Change Group (IIGCC) pension funds and asset managers, indicating that a green recovery to avoid investments to risk climate. Stephanie Pfeifer, CEO of IIGC, said that a package suitable for green finance tasonomi will help the public currency to support a cleaner, more durable future. Green criteria will also apply to payment tools that aim to support companies that need liquidity outside of this. In the statement that the European Union (EU) is a competent, “The philosophy of the business; to help improve the economy. But we want the economy to heal right in a green, digital and more durable direction."
Harcamada strict inspection
It is also aimed to create an equal opportunity between rich and poor EU members with green conditions added to the recovery fund. Most importantly; EU recovery funds will be a strict political audit on how to spend. In order to benefit from the country’s recovery fund, you’ll need to get approval from the Council where both commissions and 27 country’s ministers are met. The reason for this tightness is to ensure that the funds are spent in the most affected areas and industries from the really crisis. Another and important reason is to accept the four-way country (Avusturya, Denmark, Sweden and the Netherlands) plan that thinks that the European countries in the south and east are deprived of discipline to spend money wisely.
Dufour: Positive but 25 percent
The head of the Brussels office of the Climate thought organization E3G Manon Dufour said they were quite hopeful from the plan described despite their pull. Dufour; “Plan creates a substructure for the recovery of Europe after virus. European climate support neutral commitment and also economic growth vision” said. Dufour also warned that the strong governance of the fund is not enough for itself, and 25 percent of climate quota in the EU budget is very low.
[email protected] Source: Green Newspaper
Von der Leyen: Converts the challenge to the opportunity
[[T][4]
President of the EU Commission Ursula von der Leyen announced his speech in parliament on May 27, Wednesday. Von der Leyen said “Goodization plan, not only by supporting recovery, but investing in our future, but also transforms the opportunity to fight the tremendous challenge we face on the European Green Agreement and digitalization.” [
]Excludes
[
Harcama will be guided by a sustainable finance taksonomisi, aiming to redirect private investments to technologies that contribute to at least one of the predefined six environmental targets such as reducing climate change. A ‘loss’ test included in Taksonomide will exclude technologies such as nuclear energy, which is seen in the form of pollution prevention and control.
[
’The money will be spent for a cleaner future’
]
The announcement was welcomed by Corporate Investors Climate Change Group (IIGCC) pension funds and asset managers, indicating that a green recovery to avoid investments to risk climate. Stephanie Pfeifer, CEO of IIGC, said that a package suitable for green finance tasonomi will help the public currency to support a cleaner, more durable future. Green criteria will also apply to payment tools that aim to support companies that need liquidity outside of this. In the statement that the European Union (EU) is a competent, “The philosophy of the business; to help improve the economy. But we want the economy to heal right in a green, digital and more durable direction."
Harcamada strict inspection
It is also aimed to create an equal opportunity between rich and poor EU members with green conditions added to the recovery fund. Most importantly; EU recovery funds will be a strict political audit on how to spend. In order to benefit from the country’s recovery fund, you’ll need to get approval from the Council where both commissions and 27 country’s ministers are met. The reason for this tightness is to ensure that the funds are spent in the most affected areas and industries from the really crisis. Another and important reason is to accept the four-way country (Avusturya, Denmark, Sweden and the Netherlands) plan that thinks that the European countries in the south and east are deprived of discipline to spend money wisely.
Dufour: Positive but 25 percent
The head of the Brussels office of the Climate thought organization E3G Manon Dufour said they were quite hopeful from the plan described despite their pull. Dufour; “Plan creates a substructure for the recovery of Europe after virus. European climate support neutral commitment and also economic growth vision” said. Dufour also warned that the strong governance of the fund is not enough for itself, and 25 percent of climate quota in the EU budget is very low.
[email protected] Source: Green Newspaper
Source: News