Yanis Varoufakis and David Adler: The EU’s green deal is a colossal exercise in greenwashing. Ursula von der Leyen’s signature proposal co-opts the slogans of climate activism, but has none of the substance. EU commission president Ursula von der Leyen unveiled the European green deal, a €1tn, 10-year plan to reduce the EU’s greenhouse gas emissions by at least 50% compared with 1990. “This is Europe’s man on the moon moment,” said Von der Leyen. At first, one cannot resist comparing the two sums and the priorities they reveal: more than €4.2tn to save Europe’s financial sector; €1tn to save our world. But things are far worse than that. Whereas the €4.2tn for the financiers was new, actual funding, the €1tn that Von der Leyen has promised across 10 years in her green deal – €100bn annually – is mostly smoke and mirrors.
Guardian 7th Feb 2020 read more »