To act against global warming, the European Union (EU) has set ambitious objectives for 2030: reducing its greenhouse gas emissions by 55% compared to the level of 1990. But to achieve this ambitious objective, there is a huge lack of money according to an analysis by the Institute of Economics for the Climate.
According to the Economic Institute for Climate, at least 813 billion euros would be needed each year until 2030. So where to find the money? Given the scale of the sums to be released, the private and public will have to put their hands in their pockets.