The Green Pastures

  1. Experts believe that 2021 will be the first year, where the three main economies or trading blocs of the world — the US, the European Union (EU) and China — will refocus their efforts in fighting the climate change.
  2. The US is expected to re-join the Paris Accord and host an international climate summit early in the year.
  3. Similarly, the EU member states are expected to finalise their plans to accelerate the transition towards a greener and a more digital economy by the end of April this year.
  4. The EU Commission is also expected to release the first tranche of grants and loans worth around 0.5% of Eurozone GDP (or 5% over five years) to speed up the process.

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