Communication on the Sustainable Europe Investment Plan (European Green Deal Investment Plan)

Author (Corporate)
Series Details COM (2020) 21
Publication Date 14/01/2020
Content Type


Communication published by the European Commission on 14 January 2020 setting out its Sustainable Europe Investment Plan (SEIP), the investment pillar of the European Green Deal.

Further information:

The Sustainable Europe Investment Plan (also known as European Green Deal Investmen Plan - EGDIP) aims to mobilise through the budget of the European Union (EU) and the associated instruments at least €1 trillion of private and public sustainable investments over a decade. This follows from the need for great investment effort from all sectors of the economy to achieve sustainability across the Union, and from the understanding that private investor appetite for sustainable opportunities with measurable impact is on the rise. The Investment Plan is a comprehensive framework that aims to become a bridge between policy objectives and the private financial resources available. This framework targets climate, environmental and social investments, the latter as far as they are related to the sustainable transition.

Complementing other initiatives announces under the European Green Deal, this Plan is based on three dimensions:

  • Financing: Mobilising at least €1 trillion of sustainable investments over a decade;
  • Enabling: Providing incentives to unlock and redirect public and private investment;
  • Practical support: Support provided by the European Commission to public authorities and project promoters in planning, designing and executing sustainable projects.

This Communication also acknowledges that, while all regions require funding for the green transition, the transformation is to become particularly challenging for some territories in particular. In order to address these particular challenges, the European Commission proposes the creation of a Just Transition Mechanism (JTM) that is able to provide targeted support to generate the necessary investments in those regions. This Mechanism consists of three pillars:

Finally, the Communication envisages an annual Sustainable Investment Summit, to take stock of prohress across the different work streams included in the SEIP, and identify new avenues for action.

This plan was subject to discussion at the plenary session of the European Parliament on the same day as it was launched. In late May 2020, the European Commission revised the draft laws relating to the Mechanism in light of the revised proposals for the Multiannual Financial Framework (MFF) 2021-2027.

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Commentary and Analysis
EUObserver, 10/01/2020: EU regions: don’t touch cohesion funds for Green Deal
Bruegel: Blog, 15/01/2020: A trillion reasons to scrutinise the Green Deal Investment Plan
EPRS: At a Glance, January 2020: Just transition in EU regions
CPMR: Analysis, January 2020: CPMR Analysis of the Just Transition Mechanism
CEEP: The Just Transition Mechanism explained (4 February 2020)
EEB: Position, 27/02/2020: Make the Just Transition Mechanism work for a greener Europe
EPRS: Briefing, April 2020: European Green Deal Investment Plan: Main elements and possible impact of the coronavirus pandemic

EurActiv, 14/01/2020: EU to unveil trillion-euro ‘Green Deal’ financial plan
EUObserver, 14/01/2020: Commission's €1 trillion bet on green deal financing
Euronews, 14/01/2020: European Green Deal: Brussels unveils €1 trillion plan to make EU carbon neutral by 2050
Bloomberg, 14/01/2020: Europe Pitches State-Aid Revamp in $1 Trillion Green Deal Plan
EurActiv, 14/01/2020: Question marks raised over scale of EU’s new climate fund
The Independent, 14/01/2020: EU unveils plan to dedicate a quarter of its budget fighting climate change with €1 trillion 'green deal'
Politico, 14/01/2020: Brussels’ green cash credentials questioned
EurActiv, 14/01/2020: Nuclear ‘excluded’ from EU’s new Just Transition Fund
Reuters, 14/01/2020: EU sets out trillion euro plan to avert 'climate crash'
Forbes, 14/01/2020: EU Unveils Fund To Woo Poland On Climate
EurActiv, 21/01/2020: EU’s Breton looking into ‘non-conventional’ measures to finance Green Deal

European Commission: Press Release, 14/01/2020: Financing the green transition: The European Green Deal Investment Plan and Just Transition Mechanism
European Commission: Questions and Answers, 14/01/2020: The European Green Deal Investment Plan and Just Transition Mechanism explained
European Commission: Plenary remarks by Executive Vice-Presidents Timmermans and Dombrovskis on the European Green Deal Investment Plan and the Just Transition Mechanism, 14 January 2020
European Commission: EU budget for recovery: Questions and answers on the Just Transition Mechanism (28 May 2020)

ESO Records
Communication on the European Green Deal

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