In her remarks at a forum on “The Green Deal – Innovations, Investments and a Just Transition” in Sofia Friday, European Investment Bank (EIB) Vice President Lilyana Pavlova said that only if the EU countries join forces can they speed up the green transition. “We need to move from political messages to real action to achieve our goal and have a just transition,” she said.
Pavlova said that money is available for the green transition in the form of European grants and from the European financial institutions. “The question is how to mobilize and channel them where they are needed. We also need to ensure that there is no overlap of investments,” she said.
She called for shattering the myth that only grants can be relied on: “not because they are bad, but because they have in some form ‘spoiled’ society and businesses, that there is ‘easy money’ to be spent without looking at whether there is benefit for society and added value.