Luxembourg residents are increasingly concerned about climate change, as indicated by the findings of the 6th climate survey conducted in 2023 by the European Investment Bank (EIB).

Following a year marked by inflation, extreme heat, and drought, the EIB has released the results of its comprehensive climate survey. The polls underscore the palpable unease among Luxembourg's residents, who find themselves grappling with both inflation and environmental concerns.

The EIB's annual survey, initiated in 2018, systematically gauges the perspectives of people in 35 countries on climate change.

For residents of Luxembourg, the escalating cost of living emerges as the foremost challenge, closely trailed by concerns regarding the impacts of climate change and environmental degradation.

The price of green transition

The pursuit of a green transition, while pivotal for environmental sustainability, is anticipated to exert a notable impact on household budgets, particularly affecting those with lower incomes, reports the EIB.

Despite these potential financial implications, a majority of respondents in Luxembourg would go so far as to "help the most vulnerable countries" in order to "ensure a just global transition to a climate-neutral and resilient future." 53% of Luxembourg residents would also be prepared to shoulder additional taxes to aid low-income households in navigating the costs associated with ecological transitions.

Most of those polled believe that a low-carbon economy cannot be achieved without addressing social and economic disparities in the Grand Duchy. Kris Peeters, Vice-President of the EIB, shares this perspective.

"At the European Investment Bank, we are fully committed to supporting a just transition that leaves no one behind," Peeters affirmed. "Solidarity and concrete measures are now more important than ever," he added, underscoring the pressing need for collective action in the face of climate challenges.