Belgian governor calls for rethink of EU climate policy

Transition to lower-carbon economy will create losers as well as winners, Wunsch says

Pierre Wunsch
NBB governor Pierre Wunsch
National Bank of Belgium

European Union (EU) countries must re-think their approach to climate change, National Bank of Belgium governor Pierre Wunsch has said. 

EU political leaders were downplaying the likely costs of transition to a lower-carbon economy, Wunsch said on February 13. They were also underestimating the difficulties of international co-operation and needed to cut regulatory burdens, he told a conference of EU parliamentarians. 

“Don’t lure people into thinking that greening carries positive opportunities

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