“We are supporting the European Green Deal goals with an unprecedented wave of public investment,” she said, but this requires the backing of private investment as well as cooperation with other countries in the world that also need to tackle climate change with the same impetus. “With the Next Generation EU recovery package, reinforcements to the EU budget and the EIB by its side, Europe’s Green Deal is also backed by an unprecedented public financial firepower. After the financial crisis, after the euro crisis [and] after Brexit, Europe is leading the way on the climate front,” Hoyer said. Xinhua“Europe needs to become a champion for a global Green Deal. And for that, our foreign policy and climate policy must become two sides of the same coin,” Hoyer said.

Source: Manila Times March 25, 2021 16:52 UTC