Investing in new fossil gas, knowing that it should be phased out in the near future, is simply the definition of hypocrisy. The EU's credibility is at stake (Photo: net efekt)

How a Croatian gas project exposes Green Deal hypocrisy

Green Economy

Opinion

by Elena Gerebizza, Rome,

The approval of the European Green Deal and its €1 trillion plan to finance the transition to a low-carbon economy in Europe during the next ten years is a historic step, that follows the approval of an ambitious policy at the European Investment Bank (EIB) just a few months ago.

The EIB is the 'EU Bank' and it now aims to phase out its support to fossil fuels by 2021 and to become the "EU Climate Bank".

These commitments lie a...

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Green Economy Opinion

Disclaimer

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

Author Bio

Elena Gerebizza works for the Italian NGO Re:Common a member of Counter Balance.

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Investing in new fossil gas, knowing that it should be phased out in the near future, is simply the definition of hypocrisy. The EU's credibility is at stake (Photo: net efekt)