89 Connect Forums Policy European Green Deal

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    Maria Ludovica Bozzo
    Maria Ludovica Bozzo
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    The COP25 in Madrid may have officially opened on Monday 2, and will last until Friday 13 December. Many things have happened during these days (see Greta Thunberg’s march) and decisions have been made (US, EU and other developed nations that are not coming up anymore with supports to poorer nations; Saudi Arabia, Australia and Brazil to not agree on tougher safeguards for carbon markets; India, China, Brazil, Saudi Arabia and other emerging economies which don’t want to commit to new carbon cuts; etc…). In the meantime, the European Union has presented a deal to become the first ever climate-neutral major economic bloc: the “European Green Deal”.

    The EU has long recognised the importance of fighting global warming and limiting the effects of climate change. As a matter of facts, extreme weather events, climate change-related, have a damaging economic effect, with reported losses across EU member states between 1980 and 2017,  exceeding €450 billion. The EU’s first package of climate and energy measures set a key objective: reducing emissions by 20% by 2020; and other targets have followed during these years of international negotiations.
    However, leaders acknowledge that the EU must accelerate and go further:

    ” We are in a climate emergency. As President of the European Council, I have a clear goal: to make Europe the first climate-neutral continent on the Plant by 2050.”  – Charles Michel, December 2019

    The Green Deal has born to achieve this goal. In fact, it is a package of measures that should enable European citizens and businesses to benefit from sustainable green transition. Measures accompanied with an initial roadmap of key policies: from ambitiously cutting emissions, to investing research and innovation. Reaching this target will require investments in green technologies, sustainable solutions and new businesses and action by all sectors of our economy: energy, industry, buildings and mobility.

    After that, the Commission will propose a European Climate Law turning the political commitment into a legal obligation and a boost for investment.

    What do you think about this document? Are you optimistic about its future implementation?

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