How Green Is the EU’s Recovery Plan?

The video discusses the European Union's commitment to allocate 25% of its budget to green projects over the next seven years, amounting to €463 billion. It compares the EU's green recovery plan with other global stimulus plans, highlighting the lack of green focus in the US package and the mixed approaches in South Korea and China. The timing of these plans is crucial as countries transition from rescue to recovery packages. Insights from Nicholas Stern emphasize the importance of investing in green infrastructure to create sustainable jobs and boost productivity.

What percentage of the EU's total budget is dedicated to green projects over the next seven years?

• 75%

• 50%

• 25%

• 10%

Which country has planned to spend billions on subsidies for electric cars as part of its green agenda?

• Spain

• France

• Germany

• Italy

What is a key difference between the US and EU recovery plans?

• The US plan includes more green initiatives.

• The EU plan is smaller in budget.

• The EU plan lacks green initiatives.

• The US plan has no earmarks for green interests.

According to Nicholas Stern, what is a benefit of investing in green infrastructure?

• It reduces the need for broadband connections.

• It decreases the cost of living.

• It creates jobs and has a rapid economic impact.

• It increases reliance on coal plants.

What is an example of a green project that can improve productivity according to Nicholas Stern?

• Building new coal plants

• Retrofitting buildings

• Increasing car production

• Expanding oil drilling