EU lays out 1 trillion-euro plan to
UE
BRUSSELS (AP) — The European Union plans to dedicate a quarter of its
1 trillion) in investment toward making the EU’s economy more environmentally friendly over the
Ursula von der Leyen’s Green Deal, EU officials said the Europe Investment Plan unveiled
of her term as president of the EU’s executive arm. Her Green Deal is
of the investment will come from the EU budget. National governments will contribute 100 billion
5 billion euros from the 2021-2027 EU budget is earmarked as seed funding within
EU leaders agreed last month to make the
the plan will depend on discussions between EU countries on the next multi-annual EU
Johan Van Overtveldt, the head of the EU parliament’s Budget Committee, was skeptical about
Nienass said. “Poland should sign up to EU climate targets before being eligible to money
will also be supported by money from EU regional programs, from the InvestEU Program, which
mobilizes public and private investment using an EU budget guarantee, and from the European Investment