Members of the European Parliament from Germany's ruling party are saying that in the age of Coronavirus, the European version of the Green New Deal is no longer economically viable.
The leader of the Parliamentary Party Markus Pieper told news magazine FOCUS:
"The Green New Deal was a gigantic challenge for an economy in top shape. After the corona bloodletting, it is simply not financially viable.”
Pieper suggests, among other things, to expand trading in CO2 to electric cars and building renovations instead of fixed CO2 quotas. “Then the market regulates the progress in climate protection according to supply and demand via a price mechanism,”
[FULL STORY HERE]
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