Brussels unveils €1 trillion European Green Deal

15 January 2020

In a historic move the EU aims to have the Green Deal enshrined in law with the first European ‘Climate Law’ by March 2020, which it says will set out the conditions for transition, provide predictability for investors, and ensure the transition to carbon neutrality is irreversible.

The plan to make the EU carbon neutral by 2050 is an ambitous goal and the EU’s plan is to use a mix of private and public funds, including a quarter of the EU budget.

“The transformation ahead of us is unprecedented,” said EU chief Ursula von der Leyen, announcing the investment plan.

Vekta Group is keen to play a big role in achieving this target no matter what the challenges may be or what form the solution takes.