aA
Lithuanian President Gitanas Nauseda, currently in Brussels, said on Friday he would seek to ensure significant EU funding for the implementation of goals aimed at fighting climate change.
Gitanas Nausėda
Gitanas Nausėda
© DELFI / Domantas Pipas

"Our country is not ready to immediately swallow such a huge green economy bite and therefore we will need assistance, significant assistance," Nauseda told journalists following EU leaders' discussions.

EU leaders, except for Poland, earlier backed the goal to move to a climate-neutral economy by 2050. To ensure that, countries will need to reduce greenhouse gas emissions almost to zero and compensate for the remaining emissions by planting trees and involving the CO2 collection technology that is being developed now.

Based on Lithuania's calculations, the country will need around 14 billion euros by 2030 for climate goals, and around 41 billion euros by 2050.

"I believe that those will largely not be expenses in the classic sense of the word. They will be certain investments as that money will go to economic sectors that will become less polluting and more effective," Nauseda said. "That money will help to increase cost efficiency and to have more modern economic structures and (…) a higher long-term financial return," he said.

According to the Lithuanian president, other areas funded from the EU budget should also be viewed in the climate change context, for example, cohesion funds aimed at reducing differences between EU member states.

During the ongoing budget negotiations, Lithuania wants the cohesion funds the country receives are not cut as drastically as proposed by the European Commission and the Finnish presidency.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Number of workplace deaths down by one-third

The number of workplace deaths in Lithuania shrank by 33 percent, or 7 cases, in the first half of...

Unique integrated health monitoring system for stroke survivors patented in Lithuania

Group of biomedical engineers from biotech company Gruppo Fos Lithuania together with researchers at...

President hopes for fair distribution of EU recovery fund

Increased financing for the European Union’s (EU) cohesion policy is one of the biggest expectations...

Lithuanian Airports regain their tempo

The three international airports of Lithuania summarised the results of the second quarter and...

Vilnius approved works of arrangement of the environment of the Palace of Concerts and Sports

The Vilnius City Council approved a joint activity agreement between the Vilnius City Administration...

Top news

Rzeczpospolita editor: Polish president sees Nauseda as his personal ally

Polish President Andrzej Duda regards Lithuania as a strategic partner and considers President...

Interior minister sees no need for tighter controls on returnees

Interior Minister Rita Tamasuniene currently sees no need for tightening controls on people returning...

Zalgiris Kaunas names Austria's Schiller as head coach

Zalgiris Kaunas has named Martin Schiller , a 38-year-old Austrian specialist, as its head coach,...

Minister: facemasks to become mandatory again if coronavirus cases spike

The Lithuanian government would consider making facemasks mandatory in public again if coronavirus...

Only 1 new coronavirus case

On Monday, only 1 new COVID-19 case has been confirmed in Lithuania. In total, Lithuania has already...

|Maža didelių žinių kaina