The Budget of the European Union and Green Energy: Perceptions, Actions, and Challenges

Abstract

IJSI 14/1 Haziran June 2021a global sense takes place, the dramatic transformation targeted by the Green Deal would remain discursively assertive, but actionally ambiguous.

The impact of the Russia-Ukrainian war on green energy financing in Europe

“…The European Union (EU) started its energy transformation campaign. The EU is committed to providing financial and technical support by the green deal through the "Just Transition Mechanism," with more than €150 billion budgeted for most places and sectors affected by the campaign, both social and economical 2021-2027 [9].…”

“…This proposal is intended to support the recovery of European countries after the Covid-19 pandemic and prepare the EU's eco-friendly economy in the future. As can be seen from Table 1, spending targets for climate change actions are increasingly for the long-term common interest [9]. The European Council has set an overall climate target of 30% that applies to the total spending from MFF 2021-27 and Next Generation EU [9].…”

“…As can be seen from Table 1, spending targets for climate change actions are increasingly for the long-term common interest [9]. The European Council has set an overall climate target of 30% that applies to the total spending from MFF 2021-27 and Next Generation EU [9]. It also discusses using renewable energy as a substitute for fossil energy, one of the world's most significant contributors to carbon emissions.…”

A Theoretical Study on Economic Impact of the European Green Deal

“…Eiropas Savienībai būtu jāiegulda enerģijas taupīšanas un atjaunojamās enerģijas projektos, nevis jāfinansē dārgus un nevajadzīgus fosilā kurināmā projektus. Jānodrošina līdzekļu piešķiršanu pārejai uz zaļo enerģiju un atbilstošu infrastruktūru, un ka šie projekti atbilst Parīzes nolīgumam, ES ir jāveic izmaiņas savos noteikumos, nosakot, kuri enerģētikas projekti ir jāfinansē (Cengiz & Kutlu, 2021).…”