Ad
The EU estimates a need for an additional €477bn per year to 2030, in the energy and transport sectors alone (Photo: Greg Rosenke)

The Green Deal is gonna need a European Climate Fund

The last few months have brought increasing clarity on the legislative framework underpinning the European Green Deal — but very little clarity on the key question of how this will be financed.

The EU estimates a need for an additional €477bn per year to 2030, in the energy and transport sectors alone, for a Fit for 55-aligned scenario.

The energy aspects of REPowerEU and NZIA are estimated as an additional €43bn per year, bringing the total to €520bn.

While a large share ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Davide Panzeri is Europe Programme lead at ECCO — the Italian climate change think-tank.

The EU estimates a need for an additional €477bn per year to 2030, in the energy and transport sectors alone (Photo: Greg Rosenke)

Tags

Author Bio

Davide Panzeri is Europe Programme lead at ECCO — the Italian climate change think-tank.

Ad

Related articles

Ad
Ad