Comments on: Cañete: EU ‘de facto’ upping carbon reduction pledge to -45% https://www.euractiv.com/section/climate-environment/news/eu-in-de-facto-position-to-up-emissions-reduction-from-40-to-45/ EU news and policy debates across languages Sun, 09 Dec 2018 13:34:02 +0000 hourly 1 https://wordpress.org/?v=4.9.5 By: Mike Parr https://www.euractiv.com/section/climate-environment/news/eu-in-de-facto-position-to-up-emissions-reduction-from-40-to-45/#comment-334774 Thu, 21 Jun 2018 10:08:11 +0000 https://www.euractiv.com/?post_type=news&p=1249577#comment-334774 Yes, all wonderful – BUT – where will the money come from? Why is it that at least for large Euro companies the cost of bonds/capital is circa 5%. Why is it that Chinese competitiors have a cost of captial closer to 0.5% (answer cost the Bank of China p[rovides the money.

Question: why can’t the ECBundesbank buy Green bonds (with a 0.5% coupon) from Euro companies active either in RES or energy efficiency.
Answer: because segments of what passes for the German politcal “elite ” would have a pink fit – to them the Euro is the Dmark & we can’t have central banks doing things like – helping the economy and players within it – no siree – we need to treat the ECB as sacred & from time to time make a sacrifice to its holiness – this usually & fortunately (from a German perspective) involves some minor euro-zone country being put on the altar & having its heart ripped out – that way the ECB gods (& their goldman-sucks attendants) are propitiated.

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