Posted on 01/14/2020 11:19:42 AM PST by Oldeconomybuyer
STRASBOURG, France - The EU budget chief said the bloc needs to invest dedicated funds to avert a “climate crash” as Brussels detailed how it planned to pay for a trillion euro push to cut net C02 emissions to zero by 2050 and protect member countries dependent on coal.
“We need climate cash in order to avoid a climate crash,” European Budget Commissioner Johannes Hahn told Reuters on Tuesday.
Of the 1 trillion euros of the EU’s 10-year investment plan, roughly half is to come from the EU long-term budget, the Commission said. This will trigger more than 100 billion in co-financing from governments.
It was unveiling details of its Sustainable Europe Investment Plan using public and private money for its flagship project: the European Green Deal.
The Fund is to “benefit territories with high employment in coal, lignite, oil shale and peat production, as well as territories with carbon-intensive industries which will be either discontinued or severely impacted by the transition”, the Commission proposal said.
The money will go to areas producing the most CO2 industrial emissions, where job losses and the need for teaching new skills and will take into account the overall wealth of the country so that a region in need of transition in the EU’s poorest Romania would get more money than a comparable region in Germany.
(Excerpt) Read more at reuters.com ...
IT people always tell you: “If you get an email from someone saying something needs to be done right away or bad things will happen, its ALWAYS a scam”
Meanwhile Greta has yet to visit India or China.
Food for tiny, bored, weak minds....
Absolute nut jobs. I anticipate that such madness will make Great Britain just the first of many nations to depart the European Union.
Let them kneecap themselves.
Eventually they will bow to Russia and China, neither of whom will bother with this.
The EU will freeze in the dark.
I thought it was too late?
Can’t we just give up?
while inducing simultaneous economic crash.
This climate change thing has got to be the biggest chicken little scam in human history.
Whew! Saved at last.
thankfully I have zero invested in European stock markets/companies.
/Naught
Having averted a climate crash in 2050 Europe, its Islamic nations look to the rest of the world to feed, cloth and house their teeming millions of starving people ...
I thought the EU was supposed to be an enterprise zone set up to compete with the USA. Turns out it’s just an extended gulag with pretty architecture, at least until mulsims get around to burning it down.
Wife and I visited Norte Dame just in time apparently.
“We need climate cash in order to avoid a climate crash,”...
That sums it all up, very succinctly.
Whether the so called “climate models” be accurate or not, no $trillion dollar “green” initiative will “avert a climate crash”. Either it is not going to happen anyway, or no matter that the EU does the projected temp changes for at least 100 to 200 years or more will not change, due to the atmospheric shelf life of accumulated atmospheric CO2.
Not anywhere near the scam of islam(SPIT!).
take a check?
They should just pay me half that and I’ll see to it that there is no “climate crash.”
ML/NJ
I bet the Brits are glad to be out of the EU.
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