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15 January 2020The European Parliament goes free to the EU plan for climate neutrality by 2050, which approved the Green Deal of the von der Leyen commission 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.  



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



Coherent policies

"Parliament 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), chair 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 around 364 million euro to Italy. However, Italy, being a net contributor to the European budget, will have to pay around 900 million for the fund itself.



The figures of the Green Deal launched by the Commission will be published shortly, with the breakdown by country. Italy's 'share' in 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 productive activity to 1.3 billion. 



If all the 'pillars' of the 'green operation' are taken into account (in addition to the 'just transition' fund with 7.5 billion, InvestEu, which should mobilize 45 billion in investments, and the lending instruments for the sector public at the EIB and guaranteed by the EU budget, which should mobilize 25-30 billion in 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.