EU unveils one trillion euro investment plan to make Europe first carbon-neutral continent
Updated: 2020-01-15 16:10:34 KST
The European Union has unveiled a massive investment plan to make Europe climate-neutral by the year 2050.
The European Commission said Tuesday that its one trillion euro or one.one trillion U.S. dollar plan will make the EU's economy more environmentally-friendly and tackle climate issues over the next ten years.
The investment will be funded by the public and private sectors in the bloc.
The commission first proposed the 'European Green Deal' last year.
Officials say member nations applying for financial support should present a detailed plan to Brussels on how they will slash emissions.