EU invests €1 trillion to make its economy more ecology-friendly

On Tuesday, the European Union revealed its European Investment Plan aimed at shifting 1 trillion euros into making the economy more environmentally friendly over the next 10 years, statista reports

The investment plan is in line with European Commission president Ursula von der Leyen’s Green Deal, which aims to make the European continent carbon-neutral by 2050. Since taking office, Von der Leyen has made climate change her top priority.

Source: statista

European countries have typically been leaders in the fight against climate change, with several ranking lowest in carbon emissions globally and highest in environmental quality. The newest trillion-euro investment plan looks to solidify Europe as the global example for combating global warming as other continents like Asia and North America continue to produce high carbon emissions and lag behind in renewable energy sources.

During 2019, Yale University released its Environmental Performance Index (EPI) for all 180 countries in order to gauge which countries had the highest environmental quality and which had the lowest. The EPI measures two dimensions, environmental health, and ecosystem vitality, through numerous metrics that focus on biodiversity, air and water quality, climate and agriculture. European and North American countries held the highest overall scores, while Asian and African countries saw the lowest, globally.

The index doesn’t take into consideration the average GDP per capita in each country or the overall economic viability for a country and government to produce a healthy environment.

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