On July 21, 2020, EU leaders reached agreement on their new green stimulus, a package entitled Next Generation EU. This package will make fighting climate change central to Europe’s recovery, with large sums earmarked for green investments and carbon reduction goals.
In a new podcast episode from the Columbia Energy Exchange, host Jason Bordoff is joined by Executive Vice President of the European Commission in Charge of the European Green Deal, Frans Timmermans. Since December 2019, he has served as the Executive Vice President of the European Commission for the European Green Deal and simultaneously as the European Commissioner for Climate Action.
Here, they discuss what's included in the Next Generation EU package and what the deal might mean for carbon reduction, climate change and economic recovery from the COVID-19 pandemic, both in the EU and around the world.