From AFP via European Data News:
Strasbourg, France – Going green can be a costly business, as the EU’s executive body made clear when it launched a one-trillion-euro ($1.1-trillion) plan to finance its goal of making the bloc carbon neutral by 2050.
That figure, a 10-year investment to be sourced from leveraged public and private funds, is part of a European “Green Deal” — an ambitious rethinking of the economy, transport and energy sectors to turn the EU into a leading light in the fight against global warming.
European Commission chief Ursula von der Leyen, who has made the project the centre-piece of her mandate that started last month, presented the plan at the European Parliament in Strasbourg on Tuesday.
With those outlays came some growth opportunities, she insisted. But in any case, “the costs of failure to act here would be enormous… so we have no option other than to invest in this now”....MUCH MORE, data, graphs, a picture of Ursula von der Leyen, it's EDN after all.
