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Teresa Ribera floats oil tax, joint debt or bigger budget to climate-proof Europe
Summary by Politico Europe
4 Articles
4 Articles
EU Commission Vice-President Teresa Ribera said that options such as increasing the EU budget, joint borrowing, or taxing oil companies should be discussed to combat climate change. An investment of €70 billion per year is needed until 2050.
The European Union must start looking for new ways to finance climate change adaptation because the current budgets of member states are not enough, European Commission Commissioner for Competition and the Green Revolution Teresa Ribera told Politico.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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