EU climate targets for 2050: A trillion euros, just how do?

The EU Commission wants to invest for the climate-neutral economy a lot of money. The financing is not yet assured. The "European Green Deal" is of the Leye

EU climate targets for 2050: A trillion euros, just how do?

The EU Commission wants to invest for the climate-neutral economy a lot of money. The financing is not yet assured.

The "European Green Deal" is of the Leyens Central promise photo: Reuters

BRUSSELS TAZ, The EU Commission asked the EU member States, more money for climate protection to provide. In order to achieve the goal of a climate-neutral economy in 2050, are additional public and private investment of "at least a trillion euros" necessary, informed the authorities in Brussels on Tuesday afternoon.

For the "European Green Deal" would make the EU budget 485 billion euros. However, the funding is not secured, because the EU States are currently negotiating about the financial framework for the years 2021 to 2027. More money is to make the European investment Bank in Luxembourg, locker. The member States to participate through Co-financing of around 115 billion euros.

Commission President Ursula von der Leyen (CDU), called for more money from the national governments. Your "Green Deal" was "to the great benefit of all our member States". The costs of not acting are "so much higher and the consequences so much harder that you should make this smart investment in our future".

The "European Green Deal" is the Central project of the new EU Commission. Of the Leyen, which is just due to deleted SMS on mobile phone service in the criticism, likening him in to your office with the moon landing in the 60s. At the last EU summit, the member States had, however, a great effort to agree on the goal of climate neutrality by 2050. Poland swerved and made its approval of EU aid dependent.

Of the Leyens Plan, therefore, contains a 100 billion dollar Fund for the "just transition", the Polish, but also German coal regions to come. Only 7.5 billion Euro from the EU Budget, however, are provided. Germany has already made it clear that it is not ready to grab for the protection of the climate deep in the pocket.

In principle, are all for it – but the Details and the financing, there is a lot of criticism. For the green financial expert Sven Giegold of the Plan is "on shaky legs". The EU Commission expect "Billions that are currently not available," he explained. "Money does not a strategy", the CSU MEP Markus Ferber. Brussels should not only ask the state to Fund, but should also encourage private investment.

The European climate policy has a price tag. But where does the trillion, is more unclear. After all, the cost is likely to increase the estimate of the pressure on the member States to agree finally on a new EU Budget. So far, the negotiations are stalling.

Whether the Leyens Deal to work, is likely to show up ultimately in the fall, if an agreement on the new budget is expected. A key role is played by German Chancellor Angela Merkel because Berlin at the 1. July, the EU presidency takes over. If Merkel stingy, you can forget von der Leyen, their landing on the moon.

Updated Date: 14 January 2020, 19:00

TAZ

TAZ

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