INSIGHT ISSUE 01 | 2021

14 Enabling the Digital and Energy transition O ne thousand “green projects” have been developed by private companies, start- ups, and government agencies in the energy, transportation, construction and land use sectors, and could provide important starting point for governments in the years to come in allocating funds, the study says. They could create 2.8 million new jobs – nearly one quarter of the job losses so far due to Covid-19. “The purpose of this analysis is to demonstrate the availability of a substantial pipeline of projects acrossEurope that have thepotential to support jobs and to contribute to the EU’s climate objectives,” an EY study explains. EU COUNTRIES ALREADY HAVE 1,000 SHOVEL-READYGREEN PROJECTS , STUDY SAYS As the European governments gradually unveil their investment plans for the EU’s planned €750 billion Covid-19 recovery package, some €200 billion worth of “shovel ready” green projects are already on the drawing board ready to go, according to a recent study by consultancy group EY developed for ECF (European Climate Foundation).