September 23, 2020 - Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, Europe needs a new growth strategy that will transform the Union into a modern, resource-efficient and competitive economy, where
- there are no net emissions of greenhouse gases by 2050
- economic growth is decoupled from resource use
- no person and no place is left behind
The European Green Deal is our plan to make the EU’s economy sustainable. We can do this by turning climate and environmental challenges into opportunities, and making the transition just and inclusive for all.
Actions
The European Green Deal provides an action plan to
- boost the efficient use of resources by moving to a clean, circular economy
- restore biodiversity and cut pollution
The plan outlines investments needed and financing tools available. It explains how to ensure a just and inclusive transition.
The EU aims to be climate neutral in 2050. We proposed a European Climate Law to turn this political commitment into a legal obligation.
Reaching this target will require action by all sectors of our economy, including
- investing in environmentally-friendly technologies
- supporting industry to innovate
- rolling out cleaner, cheaper and healthier forms of private and public transport
- decarbonising the energy sector
- ensuring buildings are more energy efficient
- working with international partners to improve global environmental standards
The EU will also provide financial support and technical assistance to help those that are most affected by the move towards the green economy. This is called the Just Transition Mechanism. It will help mobilise at least €100 billion over the period 2021-2027 in the most affected regions.
Facts and Figures and Timeline here.
