Sustainable Europe Investment Plan: Financing the Green Deal

by name voted on 13.11.2020

Summary

A resolution outlining how to finance the European Green Deal through public and private investments. It emphasizes the need for massive funding to reach climate neutrality by 2050 while ensuring a fair transition.

9 13.11.2020

Other

energy

economy

finance

taxation

environment

social policy

european union

public finance and budget policy

Key points

The annual investment required to meet 2030 climate and environmental goals is estimated to be at least €662 billion.
Public financing alone will not be enough; the plan must actively encourage and mobilize private sector investments.
The EU should introduce new revenue sources, such as taxes on non-recycled plastic packaging and carbon border adjustments, to fund the Green Deal.
A 'just transition' is essential, specifically using funds to support workers and regions that are heavily dependent on fossil fuels.

Vote

PPE

S&D

Renew

ID

Verts/ALE

ECR

GUE/NGL

NI

Total

Documents (PDFs)

REPORT on the Sustainable Europe Investment Plan - How to finance the Green Deal Sustainable Europe Investment Plan - How to finance the Green Deal

These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.