The European Union is set to make greening the economy an essential part of efforts to recover from the shock of the coronavirus pandemic.

Heads of government pledged on Thursday to make their emergency measures compatible with the principles set out in the Green Deal. The promise, while short of details, is the first reassurance for investors who want to take stakes in climate projects and are looking to see how their work will be treated in stimulus packages now evolving worldwide.

“The urgency is presently on fighting the Coronavirus pandemic and its immediate consequences,” according to a joint statement agreed by the EU leaders meeting via a videoconference. “We should, however, start to prepare the measures necessary to get back to a normal functioning of our societies and economies and to sustainable growth, integrating inter alia the green transition and the digital transformation, and drawing all lessons from the crisis.”

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