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Investors With $12 Trillion Call for Green EU Recovery Plan

  • Asset managers, insurers want climate-aligned stimulus package
  • U.K., French central bankers say crisis is climate opportunity
Volkswagen AG's Shut Revamped Auto Plant As Industry Executives Seek Restart
Photographer: Krisztian Bocsi/Bloomberg
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Global investors managing 11 trillion euros ($12 trillion) are demanding a rapid green recovery in Europe to avoid worsening financial, health and social problems.

In an open letter, investors including BNP Paribas Asset Management and Schroders Investment Management called for money to be poured into clean infrastructure, such as electric cars and wind turbines, as well as flood defenses and crop resilience that will protect people from the worst impacts of climate change.