European Recovery Plan: Time for Green and Social Bonds!
15 September 2020

European Recovery Plan: Time for Green and Social Bonds!

Description

Suggestions for the European Commission to manage its debt in the form of “Green Bonds” for an amount of up to €100 billion over 5 years, and another in “Social Bonds” for a potential amount of €50 billion over 5 years. 

EUROPEAN RECOVERY PLAN: TIME FOR GREEN AND SOCIAL BONDS!

Exceptional circumstances, exceptional measures… but also exceptional financing. On May 27, the European Commission proposed a €750 billion plan to boost the EU economy and support countries most affected by the pandemic. These €750 billion would be borrowed on the financial market.

A large portion (at least 30%) of this recovery plan will finance environmental efforts and the fight against climate change provided for in the Green deal; another part will finance investments in the healthcare sector, and more broadly in the social sector as a result of COVID-19’s social impact.

Exceptional circumstances, exceptional measures... but also exceptional financing. On May 27, the European Commission proposed a €750 billion plan to boost the EU economy and support countries most affected by the pandemic. These €750 billion would be borrowed on the financial market.

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