The European Union plans to dedicate a quarter of its budget to tackling climate change and to help shift 1 trillion euros ($1.1 trillion) in investment towards making the economy more environmentally friendly over the next 10 years.
European Commission President Ursula von der Leyen delivers her speech at the European parliament Tuesday, Jan.14, 2020 in Strasbourg, eastern France. Croatian Prime Minister Andrej Plenkovic will present the priorities of the rotating Council presidency for the next six months.
Von der Leyen, who took office in December, has made the fight against climate change the priority of her mandate. EU leaders agreed last month to make the bloc's economy carbon neutral by the middle of the century, but Poland, which depends on coal for much of its energy needs, did not immediately agree to the timeline.
Johan Van Overtveldt, the head of the EU parliament’s Budget Committee, was skeptical about how the scheme set-up.
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