The EU Can’t Afford A ‘Green Transition’ As Real Costs Come To Light
by Irina Slav 18 hours ago
When the European Union approved its Green Deal, it was done to much fanfare and sparkles. Now, the fanfare and the sparkles are a distant memory as the EU grapples with the actual “how” of the transition equation it wrote for itself. [emphasis, links added]
Being quiet on the real costs of the transition push has not helped it, either.
It’s not that the EU is not admitting the transition would be costly. The European Council calls the necessary investment “enormous”.
It also says that the EU had set aside some 580 billion euros, or almost $630 billion for its net-zero plan over the period 2021 to 2027.
https://climatechangedispatch.com/the-eu-cant-afford-a-green-transition-as-real-costs-come-to-light/
