Deccan Chronicle

EU funds drive East Europe climate rethink

-

London/Madrid, Oct. 18: East European nations are thinking more seriously about how to reduce carbon emissions to make use of a 750 billion euro ($880 billion) European Union economic recovery fund, the EU’s top climate official said on Friday.

The bloc has set up the Next Generation EU war chest to support economies hammered by the Coronaviru­s crisis, with a focus on helping shift the EU’s 27 nations away from using fossil fuels and improving energy efficiency.

East European nations are among the biggest users of coal in the bloc and have been slower than richer nations, such as Germany, in drawing up plans to shift away from the fuel. “I see quite a sea change, also in Central and Eastern Europe, in terms of the climate crisis,” European Commission Executive Vice President Frans Timmermans said. “If they delay and don’t link it with the financial possibilit­ies offered by Next Generation EU, they might lose out in terms of the support they can get from Europe, so I think that is speeding up their thinking,” he said after an EU summit that edged towards a deal on climate targets. Germany, France, the Netherland­s and other states in West Europe are pushing for investment to help a “green” economy emerge after the pandemic-induced slump. But Poland and the Czech Republic worry that racing to reduce emissions could harm communitie­s dependent on activities such as coal mining. The European Commission has said 37% of the Next Generation EU package

should back projects to help reduce greenhouse gases. Timmermans said Russia, a major gas suppli

er to Europe, remained “a particular­ly tough nut to crack” on the issue of emissions but he said Moscow

expected the energy transition to change its position on the world stage.

Newspapers in English

Newspapers from India