Carbon Taxes > EU needs extra €620 bln a year to fund climate transition, as inflation blows out budget

EU needs extra €620 bln a year to fund climate transition, as inflation blows out budget

Published 18:31 on July 6, 2023  /  Last updated at 18:53 on July 6, 2023  / /  Carbon Taxes, EMEA, EU ETS

The EU will need additional investments of over €620 billion annually will be needed to meet its climate and energy security objectives, the European Commission said in a report on Thursday, flagging that the private sector will need to meet the bulk of the funding and stressing the importance of ETS revenues.
The EU will need additional investments of over €620 billion annually will be needed to meet its climate and energy security objectives, the European Commission said in a report on Thursday, flagging that the private sector will need to meet the bulk of the funding and stressing the importance of ETS revenues.


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