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Von der Leyen calls for EU countries to finance climate plans | TIME ONLINE

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EU Commission President Ursula von der Leyen
has Germany and the other European member states
asked to prepare the funds for their climate protection plans
put. The climate plans are "to the great advantage of all our Member States," said von der Leyen in the European Parliament in Strasbourg. Because the cost of
Inaction is "so much higher and the consequences are so much heavier that
 one should make this wise investment in our future ".

The Leyens Commission announced its plans for the
Financing the climate-friendly restructuring of the European economy
presented. By 2030, it wants to enable additional public and private investments of one billion euros in climate-friendly projects. 100 billion euros are to be mobilized to support the coal phase-out by 2027.

Von der Leyen wants it Europe through their so-called Green Deal by 2050 to become the world's first climate-neutral continent. "We have to act now," she said. It's about "whether we give our children not only a planet worth living in, but also a viable one." To do this, Europe must go ahead so that the rest of the world follows.

Timmermans promises social compensation

The Commission knows that the path to climate neutrality is steeper for some regions, said Vice-President Frans Timmermans. The aim of the transitional fund is therefore "not to leave anyone behind". It was "a message to the coal workers in Asturias, West Macedonia or Silesia (…) and many more". The EU states should decide for themselves where special help is needed in their country.

Commission Vice Valdis Dombrovskis noted that these "just change" funds are only part of the total amount the Commission intends to mobilize over the next ten years. "We have to see green when we invest," said Dombrovskis.

The Commission has 108 European areas with 237,000 employees who could apply for funds from the transitional fund. Among other things, the retraining of employees or investments in the settlement of new companies are supported. German assisted areas such as the Saxon Lausitz or the Rhenish lignite mining area could also get money. However, the national contribution is higher here than in poorer EU countries. The promotion of the construction or decommissioning of nuclear power plants excludes the EU Commission expressly out.

Greens criticize funding model

The Green Deal plans to move away from coal, oil and gas and to restructure the economy, agriculture, transport and private energy use. For the entire program by 2030, EU officials have calculated that around 500 billion euros will come from the EU Community budget, plus 100 billion euros in additional funds from the EU countries, 100 billion for "just change" and 300 billion with the help of the existing EU program InvestEU are to be raised by private investors.

In turn, only € 7.5 billion of new money from the EU budget should be available for the 100 billion aid within seven years. Here, too, the total amount is to be achieved with amounts from the EU countries and aid from the InvestEU investment program and the European Investment Bank (EIB).

The major parties in the European Parliament have already signaled support for the investment program and the aid fund. But doubts also arose about the financing model, which is supposed to mobilize huge sums of money with comparatively small EU funds via financial levers and private investors. "The EU Commission is expecting billions of euros that are not currently available to it," criticized Greens MEP Sven Giegold. "The climate cannot be saved with air bookings."

Plans subject to change

Whether the Commission can implement its plans also depends on the negotiations with the Member States on the next multiannual EU financial framework for the period from 2021 to 2027. Net paying countries like Germany and Austria require that the budget remain at 1.0 percent of the EU's economic output. The Commission is also demanding at least 1.11 percent because of its climate plans.

The Federal Government confirmed that it does not consider it necessary for Germany to increase its share in the financing of the EU budget for the climate protection plans. This emerges from a response from the Federal Ministry of Finance to a request from the Greens Bundestag member Franziska Brantner. A capital increase by the European Investment Bank (EIB) is also not necessary because the climate goals are "attainable with the existing resources of the EIB".

. (tagsToTranslate) Politics (t) EU Commission (t) EU Commission (t) Ursula von der Leyen (t) European Parliament (t) Valdis Dombrovskis (t) Europe (t) Strasbourg (t) Alliance 90 / The Greens



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