KLAAS LENAERTS AND SIMONE TAGLIAPIETRA write for Bruegel: Policymakers have made a clear commitment to use the European Union’s post-pandemic recovery plan, Next Generation EU, to accelerate the bloc’s green transition. The underlying idea is simple: seize a moment of unprecedented economic and social disruption to reinforce the reorientation of Europe’s economic model towards sustainability, and in particular to accelerate the implementation of the European Green Deal. This idea also reflects a growing recognition that green investments have high fiscal multiplier effects and they can achieve in one swoop a so-called ‘triple dividend’: promoting economic growth, fostering job creation and reducing greenhouse gas emissions.
go to the analysis: A breakdown of EU countries’ post-pandemic green spending plans | Bruegel
