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 ...