The European Union’s economy, infrastructure and ambition is going through a paradigm shift. The bloc’s seven-year budget and recovery programme looks beyond jump-starting its economies in the wake of the Covid-19 pandemic. The 27 nations have set their sights on a 2050 target for a net carbon neutral economy to transform its energy, transport, agriculture and healthcare. The implications and opportunities for investors in the decade ahead will be profound.
While the pandemic has cost the lives of more than 700,000 and infected millions, undermining economies and challenging health systems globally, it has also concentrated the minds of EU leaders. As governments worldwide look for mechanisms to jump-start the economic recovery, the EU has used the Covid-19 pandemic as a catalyst to rally political support around a three-decade commitment to a cleaner future, and the technologies that make it possible.