The investment plan of the European Green Deal

The European Union is committed to becoming the world's first climate-neutral bloc by 2050, a goal that requires significant investment from both the public (at EU and Member State level) and the private sector.

The European Green Deal investment plan will mobilise EU funds and create an environment to facilitate and stimulate the public and private investment needed for the transition to a climate neutral, green, competitive and inclusive economy. The plan, which complements other initiatives announced under the Green Deal, has three dimensions:

Financing: mobilising at least € 1 000 billion of sustainable investment over the next ten years. The EU budget will devote an unprecedented share of public spending to climate and environment action, attracting private funds, and the European Investment Bank will play a major role in this;

an investment-friendly framework: providing incentives to unlock and redirect public and private investment. The EU will provide useful tools for investors, making sustainable finance a pillar of the financial system. It will also facilitate sustainable investment by public authorities by encouraging fiscal practices and green procurement and developing solutions to simplify state aid approval procedures in regions affected by the right transition;

practical support: the Commission will provide support to public authorities and promoters when planning, designing and implementing sustainable projects.

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