BNEF Brief: EU Offers Climate Cash to Avoid A Climate Crash

The European Commission aims for carbon neutrality by 2050, with a 2030 goal to halve emissions from 1990 levels. A €1 trillion investment is planned, sourced from the EU budget, Invest EU, and the EU Emissions Trading Scheme. Challenges include Brexit's budget impact and defining green investments.

What is the European Union's short-term goal for emissions by 2030?

• To maintain emissions at 1990 levels

• To eliminate all emissions by 2030

• To reduce emissions by half from 1990 levels

• To increase emissions by 50% from 1990 levels

Which of the following is a major contributor to the €1 trillion investment for the EU's Green Deal?

• The EU budget

• The European Central Bank

• The World Bank

• The United States

What is the role of the European emissions trading scheme in the EU's Green Deal?

• It is solely funded by private sector investments

• It provides a stable source of revenue

• It is a new mechanism introduced for the Green Deal

• It supports the energy transition through market-based revenue

What is one of the challenges the EU faces in achieving its 2030 goals?

• The lack of interest from member states

• The Brexit gap in the EU budget

• The absence of a carbon tax

• The over-reliance on fossil fuels

Why is defining a 'green investment' a challenge for the EU?

• There is no consensus among stakeholders

• It is not a priority for the EU

• Green investments are not profitable

• The EU has not set any guidelines