The European Commission(EC)has called for a rapid shift to a low carbon economy as a crucial way out of a deepening economic downturn in its recently published Economic Recovery Plan.The Plan has two key pillars.The first is a'major injection of purchasing power into the economy,to boost demand and stimulate confidence'.The Commission is proposing that,'as a matter of urgency.Member States and the EU agree to an immediate budgetary impulse amounting to euro 200bn(1.5% of GDP),to boost demand'.The second pillar rests on the'need to direct short-term action to reinforce Europe's competitiveness in the long term'.
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