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More than one million citizens back calls for EU green investments to spur Covid-19 recovery

More than one million citizens back calls for EU green investments ...Spearheaded by the Green 10 coalition, more than 1.2 million people have joined campaigns at avaaz, WeMove Europe, and SumOfUs to support a green economic recovery in Europe.

 

Green 10 has sent a letter to European Commission president Ursula von der Leyen, calling on the bloc to mobilise the world’s largest green investment fund to spur a low-carbon recovery from the economic crisis caused by the coronavirus.

 

At a European level, the Green New Deal includes a 50-55% emissions reduction target for 2030; a climate law to reach net-zero emissions by 2050; and a transition fund worth €100bn and a series of new sector policies to ensure all industries are able to decarbonise.

 

The EU executive launched a public consultation on its “Renewed Sustainable Finance Strategy”, part of a €1trn package to make the European economy greener by 2030.

 

However, the Commission is also discussing an EU recovery fund, with MEPs meeting on Friday (15 May) to discuss a new seven-year budgetary process. Ahead of that meeting, campaigners have called on the EU to invest billions into a green economy by focusing on building renovations, renewable energy capacity, boosting clean and public transport and restoring natural habitats.

 

Climate Action Network (CAN) Europe’s director Wendel Trio said: “The COVID-19 crisis teaches us that prevention is better than cure. Acting to prevent dangerous climate change is the best way to get Europe and the world out of this economic crisis in a way that protects citizens and economies from future disruptions.

 

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