EU Recovery Plan: Aldersgate Group reactive

Responding to today’s announcement on the European Union’s recovery plan, Nick Molho, Executive Director of the Aldersgate Group, said: “The Aldersgate Group welcomes the European Commission’s economic recovery proposals, which total €1,290 billion of targeted support. The proposals include aligning the EU’s economic recovery with its goal of building a competitive, digital and climate neutral economy by 2050, and introducing the ‘Next Generation EU’ instrument to boost the EU budget in the short-term to protect livelihoods and foster sustainable and resilient growth.”

Nick Molho added: “An economic recovery plan with an ambitious climate and environmental agenda at its heart is a big part of the solution to European public interest concerns around unemployment, regional inequality, long-term competitiveness and resilience. Today’s announcement has the potential of driving investment and support growth in European supply chains in areas such as renewable energy, electric vehicles, low carbon industry and environmental improvements. This can deliver much needed economic activity and job creation in Europe whilst improving the resilience of the EU’s economy and society.”

Nick Molho concluded: “It is critical that these measures are now rapidly put in place and backed up by similar strategies at the member state level, such as through targeted public spending, policy measures and business support packages that are compatible with the Commission’s target to reach climate neutrality within three decades and reverse the decline of the EU’s natural environment and biodiversity.”