By Nota Pelekanou, Advocate
The European Commission, aiming to achieve a greener and more sustainable economy has just presented the European Green Deal Investment Plan, which will activate public investment but at the same time will help private funds to be unlocked, through EU financial instruments.
This Plan will mobilize at least €1 trillion of sustainable investments needed for the transition to a climate-neutral, green, competitive and inclusive economy. The contribution of all Member States, regions and sectors is needed for the Plan to be successful and the transition to be accomplished. Therefore, the Commission will monitor the progress on the transition and will hold a Sustainable Investment Summit every year.