Agora Energiewende's report indicates that while green financing could boost Europe's economy by 2% by 2040, Mediterranean countries face significant fiscal challenges due to high debt levels.
Matthias Buck highlighted that the sale of CO2 emissions allowances is projected to decline by the mid-2030s, emphasizing the necessity for robust EU climate funding to support national climate investments.
The report stresses the urgency for EU member states to evaluate transition-related fiscal risks in their national budget plans to ensure debt sustainability amid rising investment needs.
Investment requirements are projected to be at least 462 billion euros annually this decade, increasing to 564 billion euros in the 2030s, creating a critical need for effective funding solutions.
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