A European tax on financial transactions and corporate profits could bring an annual €120 billion to the EU budget and finance a green recovery from the COVID-19 crisis, without asking a penny more from national governments, says Pierre Larrouturou.
EU policymakers are promoting a green recovery. A public-private agency rating companies’ climate performance would help keep it on track, argue Steven Tebbe and Laurent Babikian.
The European Commission could start controlling deficit and debt levels from next year, once the recession is over. But the road to balancing public accounts again will avoid the “mistakes” of the last crisis, the institution said on Wednesday (20 May).
The European Commission’s promised green recovery plan will focus on building renovation, renewables and hydrogen as well as clean mobility and the circular economy, according to a leaked working document obtained by EURACTIV.
The European Commission’s approach to state aid is contradicting green recovery ambitions. While the EU recovery programme is focused on the Green Deal, national subsidy schemes are pouring money all across the economy without clear ecological focus, writes Claude Turmes.
The EU’s unprecedented stimulus to recover from the COVID-19 pandemic will come with certain conditions which should reflect the extraordinary nature of this crisis and the European goals, senior MEPs and diplomats have said
A growing number of businesses have recognised the economic benefits of the transition to a carbon neutral economy. It is now critically important that Europe commits to strengthening the Green Deal with a 55% greenhouse gas reduction target for 2030, write Eliot Whittington and María Mendiluce.
More than 150 business giants, including Carlsberg, H&M and Pernod Ricard, with a combined market capitalisation of more than $2.4trn, have signed a joint statement calling on all governments to align coronavirus economic responses to climate science. EURACTIV's media partner edie.net reports.
German Chancellor Angela Merkel and French President Emmanuel Macron announced their joint proposal for a €500 billion European recovery programme following a virtual conference on Monday (18 May). The initiative seeks to bring Europe out of the crisis “united and in solidarity,” and prepare the EU for future challenges. EURACTIV Germany reports.