Europe’s ‘green and just’ transition starts with its recovery fund

Europe’s ‘green and just’ transition starts with its recovery fund

[...]France and Germany could connect their proposed policy measures on transportation infrastructure and renewable energy to the countries’ strategic climate and energy goals. The EIB can and should lend more — supported by a capital increase from member states — to help Europe reach its ambitious...

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Bibliographic Details
Published in:FT.com
Main Author: Griffith-Jones, Stephany
Format: Newspaper Article
Language:English
Published: London The Financial Times Limited 30-03-2021
Subjects:
Budgets
Climate change
Coronaviruses
COVID-19
Economic reform
Emission standards
Emissions control
Environmental impact
Greenhouse gases
Renewable energy
Sustainability
Europe
France
Germany
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Summary:[...]France and Germany could connect their proposed policy measures on transportation infrastructure and renewable energy to the countries’ strategic climate and energy goals. The EIB can and should lend more — supported by a capital increase from member states — to help Europe reach its ambitious targets, such as cutting greenhouse gas emissions by 55 per cent by 2030. Today, fiscal rules take too little account of the economic cycle, the quality of spending and the impact of environmental and social imbalances on long-term debt sustainability.