Skip to comments.EU proposes 25% ‘climate quota’ in new long-term budget
Posted on 05/02/2018 9:02:04 AM PDT by Oldeconomybuyer
The clean energy transition and other initiatives to decarbonise Europes economy will represent 25% of EU spending under a seven-year EU budget plan put forward by the European Commission on Wednesday (2 May).
Another key aspect is whether the EU will commit to stop funding fossil fuel projects like gas pipelines, which environmentalists claim risk locking Europe into unnecessary infrastructure.
Im not sure its reached the upper layers of the Commission yet, Gaventa said.
Other parts of the budget could prove controversial, like a proposal to allocate 20% of revenue from carbon trading to the EU budget, as well as a plastic tax. The national contribution will be calculated on the amount of non-recycled plastic packaging waste in each member state (0.80 per kilo), the Commission said in a statement.
Still, many EU member states including Europes paymaster Germany, France, Italy and Spain appear ready to back the European Commissions push for a greener EU budget.
Notably absent from the group of 14 are Central and Eastern EU countries like Poland, the Czech Republic and Hungary, most of which are heavily reliant on coal for electricity and heating.
Their concerns are chiefly related to the social policy aspects of the energy transition. While new jobs are being created in the green economy other jobs will also be destroyed, meaning workers there will need re-skilling.
(Excerpt) Read more at euractiv.com ...
And you can’t pay your NATO share why?
Hmmm. I know where there are some rock formations that might help in “decarbonizing” the EU. I’ll let them know where to send my check. Fidiots. That should really get the economy rockin’.
They better start making these "continental size"
Well, at least when the muslims take over they will not have adequate supplies of energy.
Europe is going back to the serfs who could not travel save through being carted in trains like jews in 1940
No European project to come off Russian oil dependency through nuclear plants obviously. Once again environmentalist language is not concerned with making oil cheap for China to pollute the world.
Because theyve got Uncle Sugar to provide their national defense for free.
IIRC, Merkel said that they can do there 2% MAYBE by 2025.