Looking ahead, no matter what is said about updating the Green Deal, the decarbonization of the European economy will remain a top priority, said Iliyana Tsanova, Deputy Director-General of the European Commission's Directorate-General Budget, at the Green Transition Forum 4.0 in Sofia on Wednesday.
Tsanova pointed out that maintaining this priority is important because the objectives of the Green Deal are also valid for security and defence, especially in the field of energy security and for the future competitiveness of the EU. "We need to invest in renewables, we need to modernize our electricity transmission system, we need to have much better grid connectivity not only between Member States but also across the region, and that is why we need significant investment," she said.
"This remains a priority, but it is important to note that the Green Deal, the decarbonization strategy, will have to be updated, this is what the European Commission President also said", Tsanova pointed out. She added that in the new geopolitical reality, the EU must also adapt its strategy.
The Deputy Director-General of the European Commission's Directorate-General Budget also said that the ongoing debate on the green transition is very important ahead of major decisions in the EU on the Union's next priorities and budget. She noted that the National Recovery and Resilience Plans of all Member States foresee green transition projects worth around EUR 266 billion, and that EUR 45 billion worth of projects have been implemented to date.
/RY/
news.modal.text
