This report was commissioned by the Greens in the European Parliament and examines recovery plans and financial instruments for a "green modernisation of Europe". The study was carried out by the Wuppertal Institute and focuses on climate, environment and energy aspects of the Green New Deal.
Jean Lambert MEP commented:
"Europe urgently needs a Green New Deal: a truly sustainable economic recovery to respond to the current converging crises of peak oil, climate change and economic recession. Despite all the green talk in Europe, this new study exposes that the EU and its Member States are lagging behind. The EU must seize the opportunity to tackle climate change, switch to a more sustainable development path and create green jobs."