The European Commission has announced some €105 billion are to be spent to create ‘green jobs and growth' via the European Union's cohesion funds - the policy that aims to remove disparities in wealth across the bloc.
The funds amount to around 30 percent of the EU's regional policy budget for the 2007-2013 period, and is about three times the sum allocated for similar works in the previous 2000-2006 budgetary period.
The announcement does not represent any new funds, but rather a...
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