Green Deal funding plans: A small step but a gap still to fill

14 January 2020

Green Deal funding plans: A small step but a gap still to fill

ECR MEPs have reacted cautiously to the European Commission's green financing plans which were set to be unveiled on Tuesday.

Johan Van Overtveldt, Chair of the Parliament’s Budget Committee said:

“We are absolutely in favour of a more circular economy, but we are against the recycling of promises and money. Creative accounting and financial adventures will not get the Commission very far towards finding the one trillion euros needed to fund their new climate and energy plans.

“In today’s Green Deal funding proposals the Commission make promises against the EU’s yet to be agreed long-term budget and place a sizeable extra burden on the EIB’s shoulders. After that it is not clear exactly where the rest of the money is going to come from - there is a big difference between leveraging money and self-financing.”

Also commenting on the announcements, ECR Group Co-Chair Ryszard Legutko said:

“The Commission’s green transition funding proposals should be seen as a welcome step in the right direction, but they are just that - a step. Achieving climate neutrality by 2050 comes with huge industrial and social costs attached, but what the Commission are proposing doesn’t yet come near to covering them.

“How we close this funding gap will be crucial for our support and the credibility of the EU’s new climate ambitions.”




ECR Group

12 hours ago

Today, we celebrate the work of #nurses & #midwives. They play a vital role in providing health services & everyday… twitter.com/i/web/status/1…

ECR Group


Our thoughts in the ECR are with Boris Johnson and his family now more than ever. We wish him a speedy recovery. twitter.com/skynewsbreak/s…

ECR Group

3 days ago

Witold Waszczykowski, ECR, and leading MEPs from other political Groups in the European Parliament stand with… twitter.com/i/web/status/1…

Anna Fotyga - Biuro Poselskie

4 days ago

There is no single reason to lift sanctions imposed in response to 🇷🇺aggression on 🇺🇦. 🇪🇺sanctions do not target tr… twitter.com/i/web/status/1…

ECR Group

5 days ago

A legal opinion of the @Europarl_EN legal service requested by ECR MEPs Vondra & Zalewska has found the… twitter.com/i/web/status/1…

ECR Group

5 days ago

The #CoronaCrisis is having a major impact on #health but also on #economies & #industries. The #EU should now focu… twitter.com/i/web/status/1…

ECR Group

6 days ago

The ECR Group is proud that our spokesperson for FA & former Polish Minister of FA @AnnaFotyga_PE has been appointe… twitter.com/i/web/status/1…

Alexandr Vondra

7 days ago

In a letter to @vonderleyen, @EP_President and @eucopresident, 37 MEPs ask EU to do utmost for its citizens during… twitter.com/i/web/status/1…

Geert Bourgeois

8 days ago

Today @EUCouncil approved the free trade agreement with Vietnam. As EP rapporteur, I am pleased to note that all fe… twitter.com/i/web/status/1…

ECR Group

11 days ago

ECR Chairmen call for the @Europarl_EN to actively engage in helping the governments and citizens of the European U… twitter.com/i/web/status/1…

© 2018. All rights reserved. European Conservatives and Reformists Group