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Fight against the climate: the EU is asking for 150 billion more

On the basis of a study prepared by the Trinomics Agency, the Industry Commission of the European Parliament has established that to achieve the objectives set for 2030, many more funds than expected will be needed every year, in addition to the 231 already allocated

Fight against the climate: the EU is asking for 150 billion more

No matter how much effort the EU states are making to reduce climate-changing emissions, the planned investments are not enough. To achieve the goals set for 2030, an extra 150 billion euros are needed every year. This was established, without too many words, by the Industry Commission of the European Parliament on the basis of a study prepared by the Trinomics Agency.

Europe already plans to spend 231 billion in view of the UN goal of 2030, but other resources from member countries are needed. Who knows how Italy will fare with the anti-European wave so pushed by those who aspire to lead the country.

Meanwhile, the study arrived from Strasbourg recalls that at least three objectives must be achieved by 2030: a 40% reduction in greenhouse gas emissions compared to 1990; 27% renewable energy; 27% improvement in energy efficiency. A global challenge accepted at the 2015 UN Conference and reaffirmed in dozens of documents and solemn signatures.

An economic figure acquired at the Community level is, however, the expenditure of structural funds 2014-2020 estimated at around 49 billion. The need for the new 150 billion appropriations is equivalent to 1% of the Member States' GDP. And a large part of the additional financial burden – reads the study – will have to be covered by households and businesses. Individuals held to be the cause of the largest financial gap on energy efficiency targets. Objectively, it will not be easy to reverse the new charges on those who already bear excessive burdens on billing for consumption in many countries.

In the end, the leverage of the European structural funds is central to the cultural growth of European citizens. The Brussels budget intervenes in the weak areas of the energy market, but the greatest hoped-for investments would go to research and the development of new technologies.

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