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Belgium central bank chief: Tell the truth about the real costs of “greening” the economy and the loss of wealth that will follow

The head of Belgium’s central bank urged EU lawmakers to tell the truth about the real costs of “greening” the economy and the loss of wealth that will follow ― because they will face public anger if they don’t.

“This transition is not going to make us collectively richer,” Pierre Wunsch told the European Parliament in Brussels. “We should be more candid … don’t lure people into thinking that greening carries positive opportunities that could augment GDP and create millions of well-paid jobs.”

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