EU 'green' recovery to target buildings, clean power, hydrogen – draft
(EurActiv, 20 May 2020) Draft document, due to be published on May 27, lays out how European Commission plans to use low-carbon investments to battle virus-induced economic downturn
European Union plans for an environmentally-friendly economic recovery from the coronavirus pandemic will target building renovation, renewable energy and clean hydrogen fuel, according to a draft document seen by Reuters.
The draft, due to be published on May 27, lays out how the European Commission plans to use low-carbon investments to battle the bloc's virus-induced economic downturn.
The Commission declined to comment on the draft, which may change before publication. It must also be approved by EU governments and European Parliament.
The draft climate measures in the Commission recovery plan - which will be funded by the bloc's long-term budget and a fresh EU recovery fund - aim to transform Europe's building stock to curb energy use, cut consumers' bills and quickly create jobs in construction.