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EU proposes 25% ‘climate quota’ in new long-term budget
EURACTIV ^ | May 2, 2018 | By Frédéric Simon

Posted on 05/02/2018 9:02:04 AM PDT by Oldeconomybuyer

The clean energy transition and other initiatives to decarbonise Europe’s 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.

“I’m not sure it’s 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 Europe’s paymaster Germany, France, Italy and Spain – appear ready to back the European Commission’s 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 ...


TOPICS: Business/Economy; Foreign Affairs; Germany; Government; News/Current Events; United Kingdom
KEYWORDS: aluminum; angelamerkel; brexit; communism; czechrepublic; elites; emmanuelmacron; eurocide; europeanunion; france; germany; globalism; globalwarming; globalwarminghoax; hoax; hungary; italy; jeanclaudejuncker; jonathangaventa; macron; miguelariascanete; nato; parisagreement; poland; redistribution; socialism; spain; steel; tariffs; theczechrepublic; theresamay; unitedkingdom

1 posted on 05/02/2018 9:02:04 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

And you can’t pay your NATO share why?


2 posted on 05/02/2018 9:04:45 AM PDT by Sacajaweau
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To: Sacajaweau

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’.


3 posted on 05/02/2018 9:07:56 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: Oldeconomybuyer
EU will commit to stop funding fossil fuel projects like gas pipelines, which environmentalists claim risk locking Europe into unnecessary infrastructure.

They better start making these "continental size"…


4 posted on 05/02/2018 9:09:47 AM PDT by ProtectOurFreedom
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To: Oldeconomybuyer

Well, at least when the muslims take over they will not have adequate supplies of energy.


5 posted on 05/02/2018 9:17:20 AM PDT by cyberstoic
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To: Oldeconomybuyer

Europe is going back to the serfs who could not travel save through being carted in trains like jews in 1940


6 posted on 05/02/2018 9:29:51 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: ProtectOurFreedom

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.


7 posted on 05/02/2018 9:32:30 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Sacajaweau

Because they’ve got Uncle Sugar to provide their national defense for free.


8 posted on 05/02/2018 9:40:30 AM PDT by FLT-bird (..)
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To: FLT-bird

IIRC, Merkel said that they can do there 2% MAYBE by 2025.


9 posted on 05/02/2018 9:41:54 AM PDT by Sacajaweau
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