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 ...
Iran will solve it for them when, not if, they pop a nuke or two. Will the EU invest another trillion to fight Nuclear Winter?
Europe makes up 2% of Earth’s surface, and 6.8% or it’s land mass surface.
I read that the Tall volcano is going to solve all the problems with global warming soon. So save you cash to buy coats and beef jerky.
“Give me $1B and I can solve the problem just as good as the next guy:-)”
Math question. How many trees will need to be planted for climate change to go away?
Plant millions of trees. That solves the problem.
The account that video is associated with has already been terminated!
Good name for a lottery scratch off game.
it really looks like the UK is getting out just in time ...
X MarX the spot.
Good Gubamint Gone Bad?? or Just Bad AS IT Wanna Be?
The E U rhymes with P U
X MarX the spot.
Good Gubamint Gone Bad?? or Just Bad AS IT Wanna Be?
The E U rhymes with P U
I’ve been thinking along those same lines.
The New World Order has a Third Reich odor.
Just tell them the checks in the mail.
Then go about your business.
It is quite possible to be highly educated AND a nitwit.
Gonna make Brexit look even better to the Brits...
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