newsdog Facebook

EU Investment Plan Aims for Carbon Neutrality by 2050

News Summed Up 2020-01-14 05:30:00

PARIS - The European Union rolled out a massive, trillion-dollar investment plan Tuesday to deliver on promises to make Europe the first carbon-neutral continent by 2050. The trillion-dollar price tag would come from a mix of EU and national government funds, as well as investment from the private sector. The plan prioritizes investment to help coal-dependent countries like Poland transition to green energy. The European commissioner for budget and administration, Johannes Hahn, detailed the investment plan at the European Parliament in Strasbourg. Still, some EU lawmakers suggest details of the green investment plan are too sketchy.