{"id":4251,"date":"2021-03-10T12:54:29","date_gmt":"2021-03-10T12:54:29","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=4251"},"modified":"2021-03-10T12:54:35","modified_gmt":"2021-03-10T12:54:35","slug":"european-parliament-adopts-investeu-programme-enabling-billions-in-climate-and-social-investment","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/european-parliament-adopts-investeu-programme-enabling-billions-in-climate-and-social-investment\/","title":{"rendered":"European Parliament Adopts InvestEU Programme, Enabling Billions in Climate and Social Investment"},"content":{"rendered":"\n<p>The European Parliament announced the adoption of the InvestEU programme, triggering hundreds of billions of euros over the next several years towards sustainable investment, innovation and job creation in Europe.<\/p>\n\n\n\n<p>According to the EU Parliament, with \u20ac26 billion set aside in the EU budget as a guarantee, InvestEU is expected to mobilise \u20ac400 billion to be invested across the European Union from 2021 to 2027.<\/p>\n\n\n\n<p>In addition to supporting supports strategic investments in manufacturing of pharmaceuticals, medical devices and supplies, InvestEU will also finance sustainable projects that can prove their positive environmental, climate and social impact, aligning with EU targets of spending at least 30% of EU funds on climate objectives by 2027 and to provide support for SMEs negatively affected by the pandemic. Investment allotments for specific policy objectives include 38% to sustainable infrastructure, 25% to research, innovation and digitalization, 26% to SMEs and 11% to social development and skills.<\/p>\n\n\n\n<p>European Parliament Member Irene Tinagli (S&amp;D, IT) said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cWe diverted more funds to meet environmental targets, to support SMEs, which suffered because of the pandemic, and we succeeded in placing Invest EU at the heart of NextGenerationEU. Since InvestEU will also help us to recover from the pandemic, we created synergies with the Recovery and Resilience Facility, allowing member states to implement part of their recovery and resilience plans through InvestEU.\u201d<\/p><\/blockquote>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-4251\" data-postid=\"4251\" class=\"themify_builder_content themify_builder_content-4251 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>The European Parliament announced the adoption of the InvestEU programme, triggering hundreds of billions of euros over the next several years towards sustainable investment, innovation and job creation in Europe. According to the EU Parliament, with \u20ac26 billion set aside in the EU budget as a guarantee, InvestEU is expected to mobilise \u20ac400 billion to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4252,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[12,31,8],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European Parliament Adopts InvestEU Programme, Enabling Billions in Climate and Social Investment - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/european-parliament-adopts-investeu-programme-enabling-billions-in-climate-and-social-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Parliament Adopts InvestEU Programme, Enabling Billions in Climate and Social Investment - ESG Today\" \/>\n<meta property=\"og:description\" content=\"The European Parliament announced the adoption of the InvestEU programme, triggering hundreds of billions of euros over the next several years towards sustainable investment, innovation and job creation in Europe. 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