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Parliamentary questions
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10 January 2022
P-000093/2022
Priority question for written answer  P-000093/2022
to the Commission
Rule 138
Carlo Calenda (Renew)
 Subject: Green transition costs

Given many Member States’ high levels of public debt and that Stability and Growth Pact rules are to be introduced, the challenge before us is particularly daunting.

To achieve the EU’s green transition goals, the Commission has estimated that some EUR 520 billion in additional investment, a sum close to the total Next Generation EU amount, will be needed every year for the next 10 years.

Inflation, high energy costs and supply chain disruption may make it difficult to find such private investment. The Recovery and Resilience Facility will play an important role in this regard but, although it provides significant levels of private investment, they are still not enough and the facility will only be available until 2026.

Europe is facing some elements of economic uncertainty concerning, for example, the course of the pandemic, the social and employment costs of the transition, the ageing population and the increasing costs of climate adaptation, along with the difficulty in predicting how crucial drivers of the transition – such as the effectiveness of leverage, the establishment of a capital markets union and trade effects – will turn out.

In the light of the above:

1. How will the aforementioned figure actually be found?

2. Are there any impact analyses providing predictions of what will happen if the full amount is not actually available, and what will the Commission do to avert the risk of deindustrialisation?

Original language of question: IT
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