Europe can be climate-neutral by 2050 Ursula von der Leyen declared when she became the first female President of the European Commission in the summer. Five months on, and the European Commission is presenting its European Green Deal (#EUGreenDeal) today at #COP25 in Madrid; where the Commission’s Executive Vice-President for the European Green Deal, Frans Timmermans, is talking about a strategy for ‘economy, people & planet’. The ‘roadmap for making the EU’s economy sustainable‘ sets out the opportunities that can come from being innovative in tackling climate challenges.
Frans Timmermans said: “We are in a climate and environmental emergency. The European Green Deal is an opportunity to improve the health and well-being of our people by transforming our economic model. Our plan sets out how to cut emissions, restore the health of our natural environment, protect our wildlife, create new economic opportunities, and improve the quality of life of our citizens. We all have an important part to play and every industry and country will be part of this transformation. Moreover, our responsibility is to make sure that this transition is a just transition, and that nobody is left behind as we deliver the European Green Deal.”
Billions of euros will need to be directed at supporting actions that can realise these sustainable outcomes. And the Commission will present its investment plan in early 2020 for how to raise an additional €260 billion of annual investment, or 1.5% of 2018 GDP: the estimated price tag on delivering the 2030 climate and energy targets.