Siegfried Muresan will coordinate the position of rapporteur with the European Parliament on the investment plan of the Green Deal. These plans would generate 1 billion euro worth of investments over the next 10 years.

“The success of the future European Ecological Pact will depend on its funding. That is why, as rapporteur of the European Parliament, I will ensure that the investment plan of the pact will lead to economic growth in parallel with the objective of reaching a neutral economy in terms of emissions. People want to live in clean, green cities, but they can also find jobs. Through this pact, we have to offer people both,” said European MEP Siegfried Muresan in a press release, according to e-nergia.ro.

“Another objective is to support the least developed countries and regions with the highest European funding needs in order to reach a green economy as a priority. This is very important for us because in Romania there are carboniferous regions, such as Oltenia and the Jiu Valley, which will not be able to make the transition to a green economy unless with consistent support from the European Union budget.

Therefore, it is very good that, in the investment plan of the pact, the European Commission has included a European Fair Transition Mechanism dedicated precisely to these countries and regions. The mechanism will generate investments worth 100 billion euro over the next 7 years and 143 billion euro over the next 10 years, through European reimbursable funds, but also through specially created credit lines,” he said.