The European Green Deal

The European Commission has officially presented "The European Green Deal" - a roadmap for making the European economy sustainable by turning climate and environmental challenges into opportunities, in all policy areas and making the transition fair and inclusive for all.

President Ursula von der Leyen said: "The European Green Deal is our new growth strategy. It shows how to transform the way we live and work, to produce and consume in order to live healthier and make our activities innovative. We can all be involved in the transition and we can all benefit from the opportunities. We will help our economy to become a global leader by moving first and moving fast. We are determined to succeed for the sake of this planet and life on it - for the natural heritage of the planet. 'Europe, for biodiversity, for our forests and our seas. By showing the rest of the world how to be sustainable and competitive, we can convince other countries to move with us".

1. CARBON NEUTRALITY

  • European "Climate Law" which establishes the objective of climate neutrality by March 2020
  • Global plan to increase the EU's 2030 climate target by October 202
  • Relevant legislative measures to achieve greater ambition by June 2021
  • Energy Taxation Directive by June 2021
  • Carbon frontier regulation mechanism for certain sectors by 2021
  • New EU strategy on climate change adaptation by the end of 2020

2. CLEAN ENERGY

  • Ambition national plans for energy and climate by October 2020
  • Energy legislation to reflect the major climate ambitions for 2030 by June 2021, including the energy efficiency and renewable energy directives
  • Strategy for the integration of the sector by mid-2020
  • Provide guidelines for Member States to tackle energy poverty
  • Review the TEN-E regulation

3. SUSTAINABLE TRANSPORT

  • Strategy for sustainable mobility by 2020
  • Legislation on CO2 emissions performance for light vehicles by June 2021
  • Extend the EU emissions trading scheme to the maritime sector and reduce free allowances for airlines by June 2021
  • Support the deployment of public recharging points with the launch of a funding request for alternative fuel infrastructure
  • Consider legislative options to increase production and supply of sustainable alternative fuels for different types of transport
  • Withdraw and resubmit a proposal to revise the combined transport directive
  • Review the directive on infrastructure for alternative fuels and the TEN-T regulation
  • Propose stricter standards on air pollutant emissions for combustion engine vehicles

4. EUROPEAN NATURAL CAPITAL

  • EU Biodiversity Strategy for 2030, outlining the EU's vision to lead the world towards an ambitious global biodiversity framework and set EU commitments to reduce biodiversity loss
  • New EU forestry strategy with objectives for reforestation and forest restoration
  • Evaluate the regulatory and non-regulatory measures, on the demand side, to support value chains free from deforestation and to minimize the risk of deforestation and forest degradation associated with imports

5. CIRCULAR ECONOMY

  • EU industrial strategy by March 2020
  • New circular economy action plan by March 2020, including an initiative on sustainable products
  • Stimulating the markets for the dissemination of neutral and circular products from a climatic point of view, especially in energy-intensive industrial sectors
  • Extend the Innovation Fund of the EU Emissions Trading System to support large-scale innovative industrial projects
  • Support the innovative Clean Steel technologies that lead to a net-zero emissions production process by 2030.
  • Adopt legislative measures for batteries by October 2020 to support the strategic action plan on batteries and the circular economy
  • Legislative reforms for waste management

6. "FARM TO FORK" - TOWARDS A GREEN PAC

  • Try to guarantee high environmental and climate ambitions in the reform of the common agricultural policy
  • Work with Member States and stakeholders to ensure that national strategic plans for agriculture fully reflect the ambition of the Green Deal and the
  • Farm to Fork strategy
  • Present the "Farm to Fork" strategy in the spring of 2020, in view of the implementation of a series of initiatives starting from the end of 2020, including:
    • targets for reducing chemical pesticides [50% by 2030], fertilizers [by X% by 2030] and increasing organic area [at X%]
    • adoption of a toolbox for alternatives to chemical pesticides
    • actions to develop innovative ways, including new genomic techniques, to adapt to climate change and improve the sustainability of food systems

. DO NOT LEAVE ANYONE BACK

  • "Just transition Mechanism" of 35 billion euros that can rise to 100 with the addition of private funds and the intervention of the European Investment Bank
  • Regions more exposed to the challenge of decarbonisation: eligibility criteria
  • Integrated strategies in the regions
  • Green conversions, large companies (conditional)
  • Reduction of financing costs and additional financing possibilities (green bonds, EIB, InvestEU)
  • Technical assistance: regional transition plans
  • Just Financing

8. FINANCING THE TRANSITION - PART I

  • Continue to promote climate ambition and environmental protection in the negotiations on the next multiannual financial framework
  • Facilitate the identification of a solid project pipeline
  • Support the EIB's efforts as a climate bank
  • Present a [green funding action plan by the third quarter of 2020]
  • Review the role of innovation and modernization funds as part of the review of the EU emissions trading system
  • Review the non-financial reporting directive to maximize transparency towards the public
  • Evaluate the need for additional legal requirements regarding sustainable corporate governance (by June 2021)

9. FINANCING THE TRANSITION - PART II

  • Select and compare Member States' green budgeting practices
  • As part of the review of the European economic governance framework, examine whether to strengthen it to incentivize green public investments, while preserving adequate safeguards against debt sustainability risks, including those arising from climate change
  • Review the guidelines on state aid for the environment and energy, as well as other climate and energy guidelines, to align them with the Green Deal

10. GLOBAL DIMENSION

  • Directing international climate negotiations
  • Intensify bilateral efforts
  • Strengthen EU climate and energy diplomacy
  • Adopt geographical and thematic strategies to support the sustainable management of natural resources and the green economy
  • To affirm the respect of the Paris agreement as an essential element of any future trade agreement
  • Pursuing global green alliances and specific actions with third countries, especially in the EU neighborhood, including the green agenda for the Western Balkans
  • EU energy plan for Africa

SOURCE

The European Green Deal