Plotting a green Covid recovery: How the EU, US and China stack up

(China Dialogue, 19 Apr 2021) Plotting a green Covid recovery: How the EU, US and China stack up

European countries are currently putting the final touches to their recovery plans, which they will submit to the EU’s executive branch, the Commission, in order to tap into a share of 800 billion euros in funding.

In the days leading up to Biden’s Earth Day Summit (22-23 April) we are looking at the state of climate policy around the world, including in China, the US, EU and Pakistan.

National governments have been told by officials in Brussels not to submit “shopping lists” for cash for stalled projects but to draft long-term plans that prioritise sustainable measures with a green and digital-friendly flavour, such as improved broadband coverage, resilient electricity grids and better rail links.

Much of the 800 billion euros will be provided through grants, with the remainder coming in the form of loans. It is for that reason that the Commission will be keeping a close eye on spending, to make sure it is aligned with the EU’s green agenda.

In the US, the first major win for new president Joe Biden was the passing of a US$1.9 trillion Covid relief bill, aimed at kickstarting the country’s economic fortunes and laying the groundwork for an even bigger programme

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China Dialogue, 19 Apr 2021: Plotting a green Covid recovery: How the EU, US and China stack up

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