European ParliamentPress Releases – #EUGreenDeal #EUinvestment #sustainability #SEIP

13 November 2020

On November 13, 2020, Eurodeputies summoned to set out proposals on how to finance Green Transition to sustainable, while providing cost-efficiency. In a non-binding resolution on the Sustainable Europe Investment Plan (SEIP) and financing the Green Deal, MEPs stressed that one of the objectives of the SEIP should be to ensure a shift from unsustainable to sustainable economic activities.

The objective of the green transition in the Sustainable Europe Investment Plan (SEIP) is to eliminate public and private investment in environmentally harmful and polluting economic activities by seeking equitably viable alternatives.

Only national and regional programmes with the highest potential to achieve the do no significant harm’ principle that applies to both environmental and social objectives should receive public investment.

Rather, it is desirable that the public and private sectors work in complementarity to close the green investment gap. The right of Member States to choose their own energy mix is respected and the transition to climate neutrality should preserve a level playing field for EU companies and ensure that they remain competitive.

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