European Parliament and others 13 November 2020, European Parliament resolution of 13 November 2020 on the Sustainable Europe Investment Plan — How to finance the Green Deal (2020/2058(INI))

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This European Parliament resolution outlines a strategic framework for the Sustainable Europe Investment Plan (SEIP) to finance the Green Deal, emphasizing the mobilization of at least EUR 662 billion annually through a combination of the Multiannual Financial Framework, Next Generation EU, and private capital. Key provisions include the operationalization of the 'do no significant harm' principle across all Union funding, the establishment of new own resources to ensure fiscal sustainability, and the alignment of the European Investment Bank’s lending policies with the Paris Agreement. The resolution further calls for a harmonized EU taxonomy to track climate-related expenditure and the integration of sustainability risks into the Union’s prudential and corporate governance frameworks.AI