Ribera calls for fiscal measures that pay for support for vulnerable industries and sectors in the green transition


Ribera calls for fiscal measures that pay for support for vulnerable industries and sectors in the green transition


The Third Vice President of the Government and Minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, defended this Tuesday the implementation of fiscal policies to accompany the industry and society in the green transition, paying attention to taxes.

The Minister for the Ecological Transition has advocated "using all the tools" to help the industry and the most vulnerable economic sectors in the green transition and has referred to the application of fiscal measures.

"Taxes have always been key to building a response," said the head of the Ecological Transition within the Brussels Economic Forum, in which she advocated tax-type measures to redistribute, subsequently "resources to certain industries to face high energy prices.

Ribera has requested, in his speech, to talk about fiscal policies and taxes and to analyze "who wins and who loses in this transition" since "people have the impression that those who used to win win and those who used to pay pay".

An idea on which the economic vice-president of the European Commission, Valdis Dombrovskis, has agreed, who has underlined the importance of a fair fiscal policy, as part of the framework for a just transition, and has explained that the energy fiscal policy of the European Union It has not been modified in 20 years, which is why it has defended making changes in this regard.

In this framework, Ribera has advocated balancing both aspects, taking into account that there is a division between the impact on households with few resources and in rural areas on the way in which they affect high energy prices.

"Citizens must be able to benefit from the lowest and most predictable prices for renewable energies", the minister assured in her defense of a just energy transition.

In addition, Dombrovskis has highlighted the role of the transition funds to diversify the economy in those regions that are more dependent on the extraction of fossil fuels such as coal and has influenced the estimates of the Community Executive that put the figure at one million creation of jobs derived from the energy transition.

Both Dombrovskis and Ribera have agreed on the need to adapt the professional qualifications of workers to fit the new economic framework. Without going any further, the general secretary of IndustriALL Europe, Luc Triangle, has mentioned that 2.8 million people will be affected by the electrification of cars. "It's not just about training, it's also about finding a new job for people who lose theirs," he said.