European Parliament Strasbourg

EU sets out trillion euro plan to avert ‘climate crash’

by Marine Strauss, Reuters

STRASBOURG, France (Reuters) – The EU budget chief said the bloc needs to invest dedicated funds to avert a “climate crash” as Brussels detailed how it planned to pay for a trillion euro push to cut net C02 emissions to zero by 2050 and protect member countries dependent on coal.

The financial challenge for Europe is huge: the European Commission executive arm estimates that halving emissions by 2030 would require 260 billion euros of investment a year in the energy, transport and construction sectors.

Read more: https://www.reuters.com/article/us-eu-climate/eu-unveils-plan-for-climate-cash-to-avoid-climate-crash-idUSKBN1ZD00H

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.