European Green Deal calls for ‘massive investment’, financial reforms

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By Jon Hay
11 Dec 2019

The European Commission launched its European Green Deal on Wednesday, calling for “massive public investment” to tackle climate and environmental challenges which it calls “this generation’s defining task”.

“All EU actions and policies will have to contribute to the European Green Deal objectives,” the Commission said in a leaked draft of its statement, seen by GlobalCapital.

This will include “increased efforts to direct private capital towards climate and environmental action, while avoiding lock-in into unsustainable practices”. ...

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