Edo Ronchi: "The EU's Green Deal agreement sends a bad signal for the environmental transition."

"Unfortunately, at the end of these two days, we're receiving a bad signal from Europe," explains former Environment Minister Edo Ronchi , now president of the Foundation for Sustainable Development, "because while Europe has formally confirmed the target of a 90% reduction in greenhouse gases by 2040, it has also sent a negative message: a double flexibility that reduces climate commitments. This flexibility allows up to 5% of purchases of non-EU carbon credits to be accounted for in the emissions budget, while simultaneously allowing for up to a 5% reduction in national climate commitments (NDCs). The climate doesn't wait; it's like public debt: it builds up, builds up, and then you have to repay it with interest. This European slowdown increases the price to pay."