Investment for Transformation!

Achieving the transformation towards a truly equitable and sustainable society will require a major flow of investments, both public and private, at both EU, national, regional, and local levels. At the same time, we need to go one-step further and precisely identify the nature of investments urgently needed in order to start the change of paradigm.   We must work towards reversing the declining investment trend. We need to work on establishing positive investment lists (e.g.: social infrastructure) as well as negative list of investments (e.g.: fossil fuels, non-climate friendly production). In addition, we need to better define long-term intelligent coordination between different stakeholders and better design and manage these investments using new ways of providing for grants, blending different types of financial sources etc.
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The attitude towards the use of non-environmental friendly transportations must change. It was way too long possible for the car industry and certain countries to label the car as a good way of transportation, even though their carbon emissions are one of the key enforcers of climate change. Another problem in Europe is that public transportation is unfortunately not a given standard. A misbalance between polluters and countries without a given transportation system is the reality. The lack of public transportation is causing a growing gap between both counties which is even visible in their economic strength. The Europe’s climate-change targets is to cut all the carbon emissions from transportation to zero in the upcoming years. To realize this goal, it is important to emphasize that investments are needed! All parts of Europe should be funded so a modern transportation system can be established. Those modern transportation systems or clean transportation systems have to be developed to be even more efficient and generate a bigger environmental impact. The already mentioned main polluter and the car industry in Europe should pay for their negative environmental impact as the external cost are affecting not only their country. At the same time clean transportation should be payable as this would cause a change in the societal attitude towards car for example.

I fully agree that taking a closer look to Europe’s transport sector is crucial for creating a better environment. I also think that the Diesel scandal should have serious consequences for the car producers. I hope that Europe’s citizen are not left saddled with the costs.

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