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Environment & Energy Report

Europe Pitches State-Aid Revamp in $1 Trillion Green Deal Plan

Jan. 14, 2020, 3:30 PM

The European Green Deal is set to revamp the way the region’s authorities control state aid, with regulators pledging to allow a more flexible use of public support to help finance the unparalleled bid for climate neutrality.

The European Commission on Tuesday unveiled the Sustainable Europe Investment Plan designed to mobilize at least 1 trillion euros ($1.1 trillion) over the next decade to make Europe the world’s first continent to eliminate greenhouse-gas emissions by 2050. The European Union wants to pull together a set of new policy initiatives with existing tools, ensuring a coherent framework that will spur investment from...

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