EU's COVID recovery spending should be guided by green finance plan - experts


  • World
  • Monday, 27 Apr 2020

FILE PHOTO: A man wearing a face mask walks past the European Commission headquarters as the spread of coronavirus disease (COVID-19) continues in Brussels, Belgium April 9, 2020. REUTERS/Yves Herman/File Photo

LONDON (Reuters) - Planned European Union rules requiring investments to be in line with climate policy should be used to guide economic recovery measures after the coronavirus pandemic, despite not yet being law, the bloc's expert advisers said on Monday.

With the bloc headed for a steep recession and its executive, the European Commission, drawing up a trillion-euro (875 billion pounds) recovery plan, calls are growing from politicians, companies and campaigners to make sure the money does not prop up environmentally damaging industries.

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