European Parliament

  • EU, von der Leyen presents the Green Deal for Europe: it is like the landing of man on the moon
  • Council of Ministers: decree on climate approved, first act of the green new deal
  • Conte: Coldiretti is government ally for Green New Deal
  • Confindustria, the SMEs applaud the Green New Deal

Share

15 January 2020 Free from the European Parliament to the EU plan for climate neutrality by 2050, which has approved the Green Deal of the commission von der Leyen and pushes for more ambitious goals. The European Parliament had adopted the European Green Deal, as presented by the President of the Commission, Ursula von der Leyen, during a debate in Plenary in December 2019.

MEPs, in the resolution adopted with 482 yes, 136 no and 95 abstentions, are calling for an emission reduction target of 55% by 2030 instead of the 40% currently expected.

Coherent policies
"Parliament has overwhelmingly supported the Commission's proposal on the Green Deal and welcomed the fact that there will be coherence between all Union policies and the objectives of the Green Deal. Agriculture, trade, economic governance and other policies must now be seen and analyzed in the context of the Green Deal, "said Pascal Canfin (Renew Europe, France), president of the European Parliament's Environment Committee.

How much will it cost
The new 7.5 billion euro fund for the 'just transition', presented by the EU Commission, will allocate about 364 million euro to Italy. However, being a net contributor to the European budget, Italy will have to pay around 900 million for the fund itself.

The Green Deal figures launched by the Commission will be published shortly, with the breakdown by country. The 'share' of Italy under the new fund for the 'just transition' would be 364 million euros to which would be added the co-financing of the State, bringing the amount of the financial commitment to ensure coverage of the economic and social effects negative effects of the ecological conversion of energy production and production activity to 1.3 billion.

If we take into account all the 'pillars' of the 'green operation' (in addition to the fund for the 'right transition' with 7.5 billion, InvestEu, which should mobilize 45 billion of investments, and the loan instruments for the sector public with the EIB and guaranteed by the EU budget, which should mobilize 25-30 billion of investments)), Italy could count on 4.9 billion euros. The Italian share of the 'just transition' fund is slightly lower than the French one and a little higher than the Spanish one.