European Parliament convenes to discuss clean energy financing
The European Parliament and European Commission co-organised a high-level conference on Tuesday to discuss best practices in transitioning towards more sustainable energy sources, job creation, growth and investment.
Regarding this, Miguel Arias-Canete, Commissioner for Climate Action and Energy, European Commission, pointed out that we will implement Paris Agreement, so we have to manage public and private investment together.
Jyrki Katainen, Vice President for Jobs, Growth, Investment and Competitiveness, European Commission, also said that at the European Union's (EU) level, an extra of over 100 billion euros (115.9 billion U.S. dollars) are needed annually from 2021 onwards to reach the 2030 climate and energy goals.
It is estimated that in order to reach the EU 2030 energy and climate targets, about 379 billion euros (439 billion dollars) of investment will be needed every year between 2020 and 2030, mostly in energy efficiency, renewable energy sources, and infrastructure.
