Teresa Ribera floats oil tax, joint debt or bigger budget to climate-proof Europe
13 Articles
13 Articles
BT
berlingske.dkIt is possible to keep national EU contributions unchanged if EU countries agree to increase debt, it says.
The European Union needs to consider proposals "to allow for the high costs of fighting climate change," she said to the European Commissioner for Competition and Green Transition, Socialist Teresa Ribera. She suggested that the EU should choose between a larger budget, a greater common debt and a [...] Article of the EU Green Transition proposes new oil taxes, and the increase in the common debt to intensify the fight against global warming app…
Teresa Ribera would create resources for Europe's climate protection by taxing the extra profits of oil companies, taking out new joint EU loans and a larger EU budget. The European Commission's Executive Vice-President has not yet made any specific proposals, but she believes that preparations against warming cannot be financed from national budgets and traditional EU revenues.
A Crisis Is Approaching that We Are Completely Unprepared for: the EU Has Come up with a Brutal Plan
Teresa Ribera, the executive vice-president of the European Commission, said that national and traditional EU budgets are no longer sufficient to finance climate change preparedness, which is estimated to cost around 70 billion euros a year, according to Politico.
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