For example, Hoekstra said, plans include a “industrial decarbonization” bank, which could raise up to 100 billion euros in the next 10 years.
Plans for major reset of economy announced by EU executive, critics fear for climate
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“We all know it is never easy in politics and in international politics to talk about money, but the cost of action today is, as a matter of fact, much lower than the cost of inaction,” said Wopke Hoekstra, the EU climate commissioner at press conference on Monday.
Negotiators urged to get down to business as U.N. climate talks enter final week
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