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'Some have argued that this contrast is an exaggeration, since the EU, unlike the US, already had a Green Deal in place, involving funding pledges not too dissimilar to Biden’s. Alas, the devil is in the detail: the EU’s Green Deal offers up to €1tn of pledges that – unlike the funding offered in Biden’s act – is not actual money, but rather a fictional number akin to the notorious Juncker plan, whose pledged €300bn of new investment funds never really materialised.'
