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According to the report, only 30 percent of climate investments are bankable. Therefore, more public funds will be needed. (Photo: World Bank)

Capital Markets Union will not foot Europe’s climate bill, says report

This week, EU finance ministers discussed how to reduce debt in Europe while increasing investments to transition to a clean and digital economy.  

Talks focused on the seven member states that need to reduce deficits the most, including Belgium, France, Italy, Hungary, Malta, Poland, and Slovakia.

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

According to the report, only 30 percent of climate investments are bankable. Therefore, more public funds will be needed. (Photo: World Bank)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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