Date: 2020-01-31 02:12:49
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Jan.30 — The European Commission plans to mobilize 1 trillion euros to achieve climate neutrality by 2050. Details of the investment plan to support this economy-wide transformation, known as the Green Deal, were released this month. The plan relies heavily on mobilization of the private sector, and offers significant incentives to bring climate laggards on board. It will offer “climate cash to avoid a climate crash,” in the words of EU budget commissioner Johannes Hahn. Bloomberg’s Alix Steel talks with BloombergNEF’s Katherine Poseidon on “Bloomberg Commodities Edge”.
