EC to accelerate work on climate policy
21:29
The new head of the European Commission Ursula von der Leyen will press for the acceleration of work on the new EU climate policy. Details of the new “Green Deal” plan may be presented at the EU summit on December 12-13. This would mean that serious work on the climate plan can start less than two weeks after the start of the EC’s new term on December 1.
The financial pillar on which the new strategy is to be based will be the Just Energy Transition Fund (JET Fund). According to current estimates, to reach the main goal of achieving climate neutrality in 2050, its size would have to be from €175 billion to even €290 billion, allocated for investments in infrastructure and energy systems every year, starting from 2030.
Talks about the exact shape of the EU’s long-term strategy in this area are currently underway. To date, three of the 28 EU countries have opposed the rapid decision – the Czech Republic, Hungary, and Poland.
According to the calculations of the Polish Institute of Economics, in order to enable the implementation of the set goals within the specified time frame, the JET Fund will have to be provided with funds amounting to between €10 billion and €20 billion annually in 2021-2027.
