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Breaking News coronavirus versus climate  slash and burn | Breaking News

Coronavirus Versus Climate: Slash And Burn

by: Andy Gregory, Harry Cockburn
coronavirus versus climate  slash and burn | Breaking News

European Union leaders are set to slash tens of billions of euros from funds aimed at preventing catastrophic climate breakdown, after agreeing on a coronavirus recovery package.

Coronavirus Versus Climate: Make Or Break

The Brussels summit brought 27 leaders face to face after five months of remote diplomacy, in which time the coronavirus pandemic brought existing cracks across the loc into sharp focus. With some diplomats fearing talks over a record €1.1trn budget and €750bn coronavirus stimulus could be 'make or break for the bloc, the distance between the aims of four so-called frugal nations – led by the Netherlands – and other member states, finally began to diminish on Monday, albeit at the cost of environmental schemes.


                                                            America Versus China: Slash And Burn 2.0

The proposal earmarked 30 percent of both the EU budget and the coronavirus recovery fund for climate protection. It said all spending must comply with a principle to 'no harm' to EU climate green goals. But it slashed the size of the EU’s Just Transition Fund, its flagship pot of money to help wean countries off fossil fuels, and watered down the climate ambitions required for countries to access the funds.

Recommended: The Old Normal. Who Wants To Go Back? Corona News

Climate: Slash And Burn

Under the plans, the fund will now receive a combined €17.5bn from the budget and recovery fund – down from the €37.5bn set aside in a previous proposal. To access the money, countries previously needed to have a national target for cutting emissions. Under the new plans, they must commit to the EU’s goal to become  ‘climate neutral’ by 2050 – a condition expected to allow Poland to access the fund without pledging to hit net-zero emissions itself.

The coal-heavy country is now expected to receive the most significant chunk of the Just Transition Fund and was the only country that refused to commit to the 2050 climate target at an EU summit in December. InvestEU, a pot of money earmarked under previous proposals to help meet climate change green goals, was also decimated – to a baseline allocation of less than €4bn, down from more than €31bn previously. Proposed funding for scientific research will also be slashed from €11.5bn to €5bn.

Recommended: Fossil Fuel Will Dominate Energy Use Through 2050: Globally

Coronavirus Recovery Wind From Climate Change Recovery

While some described the plans as probably representing a massive blow to the climate, some observers said the green credentials of the deal would depend on what safeguards are used to ensure money goes to green technologies, and not polluting investments.

Others pointed out that the proposals fell short of the 40 percent climate spending share needed to align the package with EU climate goals. Anything below this level "would place a significantly higher burden on national budgets and additional regulatory reform measures to close the ensuing investment gap," said Andreas Graf, EU energy policy expert at think tank Agora Energiewende. The new proposals came days after all of the bloc’s 27 environment ministers signed a joint statement calling for a green recovery as countries emerge from the pandemic.

Before you go!

Recommended: EU Elections: Is The EU United To Fight Climate Change?

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Breaking News, as the world changes…

In our world, WhatsOrb refuses to turn away from the changes in our society and environment which succeeds each other at a rapid pace.

For WhatsOrb, publishing on the environment is a priority. We give reporting on climate, nature, waste, lifestyle and sustainable solutions the prominence it deserves.

At this turbulent time for ‘all’ species and our planet, we are determined to inform readers about threats, consequences and solutions based on facts, not on political prejudice or business interests.

WhatsOrb Breaking News will be published as soon as urgent events from around the world and startling sustainable innovations reach us.

If there is anything we should know and publish about, please send a note to: [email protected] or write your own story on: www.whatsorb.comthe only news site which gives you a ‘sustainable voice!’

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Breaking News, as the world changes…

In our world, WhatsOrb refuses to turn away from the changes in our society and environment which succeeds each other at a rapid pace.

For WhatsOrb, publishing on the environment is a priority. We give reporting on climate, nature, waste, lifestyle and sustainable solutions the prominence it deserves.

At this turbulent time for ‘all’ species and our planet, we are determined to inform readers about threats, consequences and solutions based on facts, not on political prejudice or business interests.

WhatsOrb Breaking News will be published as soon as urgent events from around the world and startling sustainable innovations reach us.

If there is anything we should know and publish about, please send a note to: [email protected] or write your own story on: www.whatsorb.comthe only news site which gives you a ‘sustainable voice!’

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Coronavirus Versus Climate: Slash And Burn

European Union leaders are set to slash tens of billions of euros from funds aimed at preventing catastrophic climate breakdown, after agreeing on a coronavirus recovery package. Coronavirus Versus Climate: Make Or Break The Brussels summit brought 27 leaders face to face after five months of remote diplomacy, in which time the coronavirus pandemic brought existing cracks across the loc into sharp focus. With some diplomats fearing talks over a record €1.1trn budget and €750bn coronavirus stimulus could be 'make or break for the bloc, the distance between the aims of four so-called frugal nations – led by the Netherlands – and other member states, finally began to diminish on Monday, albeit at the cost of environmental schemes. {youtube}                                                             America  Versus China: Slash And Burn 2.0 The proposal earmarked 30 percent of both the EU budget and the coronavirus recovery fund for climate protection. It said all spending must comply with a principle to 'no harm' to EU climate green goals. But it slashed the size of the EU’s Just Transition Fund, its flagship pot of money to help wean countries off fossil fuels, and watered down the climate ambitions required for countries to access the funds. Recommended:  The Old Normal. Who Wants To Go Back? Corona News Climate: Slash And Burn Under the plans, the fund will now receive a combined €17.5bn from the budget and recovery fund – down from the €37.5bn set aside in a previous proposal. To access the money, countries previously needed to have a national target for cutting emissions. Under the new plans, they must commit to the EU’s goal to become  ‘climate neutral’ by 2050 – a condition expected to allow Poland to access the fund without pledging to hit net-zero emissions itself. The coal-heavy country is now expected to receive the most significant chunk of the Just Transition Fund and was the only country that refused to commit to the 2050 climate target at an EU summit in December. InvestEU, a pot of money earmarked under previous proposals to help meet climate change green goals, was also decimated – to a baseline allocation of less than €4bn, down from more than €31bn previously. Proposed funding for scientific research will also be slashed from €11.5bn to €5bn. Recommended:  Fossil Fuel Will Dominate Energy Use Through 2050: Globally Coronavirus Recovery Wind From Climate Change Recovery While some described the plans as probably representing a massive blow to the climate, some observers said the green credentials of the deal would depend on what safeguards are used to ensure money goes to green technologies, and not polluting investments. Others pointed out that the proposals fell short of the 40 percent climate spending share needed to align the package with EU climate goals. Anything below this level "would place a significantly higher burden on national budgets and additional regulatory reform measures to close the ensuing investment gap," said Andreas Graf, EU energy policy expert at think tank Agora Energiewende. The new proposals came days after all of the bloc’s 27 environment ministers signed a joint statement calling for a green recovery as countries emerge from the pandemic. Before you go! Recommended:  EU Elections: Is The EU United To Fight Climate Change? Did you find this an interesting article, or do you have a question or remark? Leave a comment below. We try to respond the same day. Like to write your article about sustainability? Click on  'Register'  or push the button 'Write An Article' on the  'HomePage.'
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