BRDO, Slovenia, September 11 (Hfrance.fr) - The possibility of exemptingr the "green " investments of the calculation of the EU deficit will be part of the discussions during the revision of the budgetary rules of the EU, European Commission Vice-President Valdis Dombrovskis said on Saturday.
The idea of exempting investments that would help prevent climate change is to support the bloc's ambition to reduce net CO2 emissions to zero by 2050. The exemption for investment in such projects has been dubbed by EU officials the "golden rule ".
"Obviously, the question of a golden rule, one way or another, will be part of the discussion on the budgetary framework of the 'EU ', Dombrovskis told reporters after a second day of talks by EU finance ministers in the Slovenian town of Brdo.
During the two-day summit, bloc of the 27 countries debated how to change fiscal rules to better adapt to economic realities once EU fiscal rules, now suspended until the end of 2022, are restored in from 2023.
Some, like the French Minister of Finance Bruno le Maire, have said that the idea of green exemption deserves be discussed as it would help generate the very significant funds needed to transform their economies in the years to come. learn more
Others, like Austrian Finance Minister Gernot Bluemel, have expressed concern about how such a rule might work in practice, given the difficulty of defining precisely what constitutes a “green” investment.
" From an economic and scientific point of view this may make sense "he said.
" But I have seen many times in the past that such exceptions in budgetary practice - because the idea of a golden rule is not new - that thi s is often used as an excuse when the political will to obey the rules is lacking. And of course, that shouldn't be, "he said.
" Mechanisms need to be built in to make it happen. ensure they are not misused, "he said.
The idea of an exemption for green investments was presented by the Bruegel think tank in a document commissioned by ministers. the surplus of over 60% of GDP was too ambiguoustious in a post-pandemic economy. Report by Jan Strupczewski and Michael Nienaber, edited by Ros Russell
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