This is how Europe is opening the floodgates to ‘green’ money

(EurActiv, 6 Feb 2020) The European Commission launched on Wednesday (6 February) a consultation with member states, the European Parliament and other stakeholders to review the EU’s fiscal rules, the Stability and Growth Pact.

The review comes as part of a multi-front effort to channel billions of euros into making the European economy more sustainable and achieving the zero-emission goal by 2050.

The aim is to simplify a set of rules considered “too complex” and based on “non-observable” indicators, said Commission vice-president Valdis Dombrovskis.

As part of the review, Dombrovskis said, the inclusion of a so-called ‘golden rule’ to support the ‘green’ investments will be part of the debate.

The consideration of this golden rule came on top of a series of initiatives and proposals by EU institutions to mobilise billions of funds to make the European economy more sustainable.

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EurActiv, 6 Feb 2020: This is how Europe is opening the floodgates to ‘green’ money