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Article

27 May 2020

Author:
European Commission

Recovery Plan Communication: "Europe's moment: Repair and Prepare for the Next Generation"

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[T]he EU’s recovery plan must guide and build a more sustainable, resilient and fairer Europe for the next generation...

4. REPAIR AND PREPARE THE NEXT GENERATION: THE POLICY FUNDAMENTALS ...

4.1. The European Green Deal: the EU’s growth strategy...

To help unlock the private investment needed, long-term certainty and predictability are essential. This underlines the importance of the Climate Law and the upcoming proposals for more ambitious emissions reduction targets for 2030. The EU sustainable finance taxonomy will guide investment in Europe’s recovery to ensure they are in line with our long-term ambitions. This will be supported with a Renewed Sustainable Finance Strategy later this year. To ensure environmental and social interests are fully embedded into business strategies, the Commission will put forward a new initiative in 2021 on sustainable corporate governance.

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