EU lays out trillion-euro ‘Green Deal’ – Saudi Gazette

EU lays out trillion-euro ‘Green Deal’ – Saudi Gazette

The core of the mechanism will be an EU transition fund of 7.5 billion euros over the period of the next EU long-term budget, running from 2021 to 2027, as part of "cohesion" spending meant to boost regional development.. Some of the gap between the transition mechanism and that cost projection would come from a quarter of the long-term EU budget under a proposal by the previous Commission.A final agreement on the way forward has to be worked out between the Commission, the European Parliament and member states.. But other member states, such as Luxembourg and Austria, are opposed to nuclear energy being painted as "green".. US Treasury removes currency manipulator label on China. US, Japan, EU seek new global rules limiting subsidies.