EU launches 1 trillion-euro plan to support Green Deal
Associated Press | Hagadone News Network | UPDATED 6 years, 8 months AGO
BRUSSELS (AP) — The European Union plans to dedicate a quarter of its budget to tackling climate change and has set up a scheme to shift 1 trillion euros ($1.1 trillion) in investment towards making the economy more environmentally friendly over the next 10 years.
The Europe Investment Plan, to be unveiled later Tuesday, will be funded by the EU budget and the private sector. It aims to deliver on European Commission president Ursula von der Leyen's Green Deal to make the bloc the world's first carbon-neutral continent by 2050.
The plan will include a mechanism designed to help the regions most affected by the transition to cleaner industries, although all EU member states will be entitled to subsidies.
Von der Leyen, who took office in December, has made the fight against climate change the priority of her mandate.
ARTICLES BY ASSOCIATED PRESS
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For South Sudan mothers, COVID-19 shook a fragile foundation
JUBA, South Sudan (AP) — Paska Itwari Beda knows hunger all too well. The young mother of five children — all of them under age 10 — sometimes survives on one bowl of porridge a day, and her entire family is lucky to scrape together a single daily meal, even with much of the money Beda makes cleaning offices going toward food. She goes to bed hungry in hopes her children won’t have to work or beg like many others in South Sudan, a country only a decade old and already ripped apart by civil war.