FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, December 19, 2019. REUTERS/Yves Herman
STRASBOURG, France (Reuters) - 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.
The financial challenge for Europe is huge: the European Commission executive arm estimates that halving emissions by 2030 would require 260 billion euros (£222 billion) of investment a year in the energy, transport and construction sectors.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
