The possibility of exempting “green” investments from EU deficit calculations will form part of discussions when EU budget rules are revised, European Commission Vice President Valdis Dombrovskis said recently.
The idea to exempt investments that would help prevent climate change is to support the bloc’s ambition to cut net CO2 emissions to zero by 2050.
The exemption of investments in such projects has been nicknamed by EU officials as the “golden rule.”
“Obviously, the question of a golden rule, in one way or another, will be part of the discussion of the EU fiscal framework,” Dombrovskis told reporters after the second day of EU finance ministers’ talks in the Slovenian town of Brdo.
During the two-day summit, finance ministers from the bloc have debated how to amend budget rules to better fit changed economic realities once EU budget rules, now suspended until the end of 2022, are reinstated from 2023.