Horizon Europe, in synergy with other EU programmes, will be key to leveraging national public and private investment. European Green Deal is a key policy plank of the new European Commission led by President Ursula von der Leyen. The latter is related to tax exemptions for kerosene, which the Commission intends to review. By logging in, you confirm acceptance of our POLITICO Privacy Policy. Read more. New data proves you can support capitalism or the environment—but it’s hard to do both. It’s a 30-year project. But the EU plan is, and proving the feasibility of decarbonization is the first way in which it can help spread climate action policymaking beyond Europe’s borders. It explains how to ensure a just and inclusive transition. It’s a sign that concern over climate change has migrated from the margins to the heart of EU policymaking. Timmermans is sure to tell you that the deal is intended to be Europe’s “new growth strategy.”, But it’s about more than that. Philippines Leaning Toward Allowing U.S. The political fight over the climate targets is about to enter a new phase. Sounds lovely, but it comes with a lot of terminology and buzzwords. Good investments pay themselves back, so the Commission predicts overall impact on GDP will be minimal. Greenpeace EU spokesperson Franziska Achterberg said: “Ursula von der Leyen is promising the European Green Deal will tackle the runaway climate crisis and the massive destruction of nature. Explore the live extension of our journalism, The wonk's survival guide to the EU Green Deal, April 19 — Rewriting the Transatlantic Tech Playbook, April 20 — The coming shakeup of the EU Emissions Trading System, May 18 — POLITICO Virtual Interview: In Conversation With Nick Thomas-Symonds MP, The Wonk’s Survival Guide to the European Green Deal, Circular Economy Action Plan for a Cleaner and More Competitive Europe, Creating a ‘better normal’, not just a ‘new normal’, Tim Brett, president of Coca-Cola Western Europe. Latest news, analysis and comment on security in Europe and beyond. Why hydrogen is no magic solution for EU Green Deal. The European Green Deal is a document so thin you could print it out and not feel like you would be in breach of an EU forestry directive. destructive as fossil fuels. The European Green Deal is the European Commission’s blueprint and roadmap to make Europe the first climate-neutral continent by 2050, with a sustainable economy that leaves no one behind. The EU’s Common Agricultural Policy (CAP) — its largest subsidy program — and the Green Deal have some big issues to resolve if they are to work in alignment. Exasperated by the arduous negotiations, two EU members recently resorted to unusual means: Both the French and Spanish governments sent letters to the EU. Most of today’s greenhouse gases come from power production and transportation, but there are also significant contributions from industry, commercial and residential fuel combustion and agriculture. If implemented successfully, it will enable Europe to play a leading role in redefining how the world achieves sustainable economic … The report is part of a research programme run by the PRI throughout 2019 and early 2020, drawing from interviews with investors and the PRI’s own programmatic research. A recent guest on POLITICO’s EU Confidential podcast. Also, was once lifted out of a bin by the actor Hugh Jackman. Beyond that, expect the coming year to see a flurry of new regulations, plans and changes to EU law: strategies for agriculture, hydrogen, building renovation, offshore wind energy, methane pollution, sustainable investment, the circular economy and a litany of others are all working their way through the Brussels bureaucracy. The modern European version is just a year old and still in its early stages. It’s a push for sustainable consumption and keeping resources “in the EU economy for as long as possible.” Quiet at the back, single-use plastics industry! To understand why, it’s worth learning a bit about the U.S. program from which the Green Deal gets its name. In March 2020, the Commission proposed the EU Climate Law, to make the Green Deal’s target for a carbon-neutral Europe by 2050 legally binding. Steam and exhaust rise from different companies on a cold winter day in Oberhausen, Germany, on Jan. 6, 2017. The Green Deal isn’t a law. Just Transition Fund: Yet another part of the Just Transition Mechanism. T he EU Green Deal is one of the most ambitious priorities of the new European Commission (EC). This year, the group’s research showed the (limited) impact of the COVID-19 pandemic on cutting global emissions. EU leaders are aiming to agree major details in December, with the law to be finalized in 2021. Becoming a scientist happened “accidentally,” she said. Thunberg, Greta: Youth climate strikers, including their figurehead Thunberg, have emerged as a major political force in the climate fight, especially in Europe. But the Biden administration still faces an unreliable ally in Duterte. The wrangling will start when Timmermans presents legislation on how to meet the 2030 target in June 2021. In a live webcast in July, Pictet Asset Management’s co-head of clean energy Xavier Chollet explained that one reason why the EU Green Deal has transformed into a large economic stimulus is because of the Covid-19 health crisis. By driving the economy toward carbon neutrality, EU climate policymaking can prove as much for others. Instead, she dives back into pure science. These days, when Le Quéré needs a break from getting politicians to look seriously at climate change, she doesn’t turn to sports. Together they will foster new technologies, sustainable solutions and disruptive innovation and spread successful new sol… Upfront investments will be needed to switch energy, industry and transport to clean tech. Anyone familiar with the history of energy transitions, including experts who are supportive of the plan, will attest that this is just not scientifically possible. The EU’s green deal is a colossal exercise in greenwashing | Yanis Varoufakis and David Adler . But that slim size conceals a big punch. To succeed, the EU must embrace climate unilateralism. Each year the analysis makes headlines around the world. Also, the stuff that EU dreams are made of: lots of technical details, lots of politics and lots for MEPs and EU countries to fight about until they strike a deal. The EU and its member states have one last hope for preventing a wave of ECT lawsuits. According to the Commission, it will focus on “the regions, industries and workers who will face the greatest challenges.” Rejected names believed to have included “Money for Polish Coal Miners Mechanism” and “(Not) Just (Any Old) Transition Mechanism.”, Paris Agreement: Global climate pact that has its eyes firmly fixed on mid-century, when experts say humans need to all but eliminate greenhouse-gas emissions to avoid the worst effects of global warming. In-depth reporting, data and actionable intelligence for policy professionals – all in one place. That effort to use science to nudge policymakers also underpins Le Quéré’s work in France and the U.K. “It’s actually an essential role to have an independent advisory body like [the ones she sits on], because governments come and go … ministers in particular, there is a very, very rapid rotation,” Le Quéré said. If the world isn’t careful, renewable energy could become as Those 24 pages lay out a radical project to make the EU climate neutral by 2050 — that means the world’s second-largest economy will stop adding to the earth’s stock of greenhouse gases by then. Where to start? Some word about the EU Green Deal. Experts are divided on which is worse: climate apocalypse or Netflix show “Emily in Paris.”. There is no scientist in my family; I didn’t know this existed as a profession … I went to science because I had a good physics teacher in high school.”. “You need that long-term view that is independent of the political party, that provides advice, practical advice, on how to move forward,” she said. Latest news, analysis and comment from POLITICO’s editors and guest writers on French politics. Find out more about this roadmap for a climate-neutral Europe. The Green Deal is no longer the hazy aspiration of a few climate action enthusiasts; it is a detailed mainstream policy document affecting every sector in one of the richest, most sophisticated economies in the world. Hydrogen: The latest hot new energy trend in Brussels, Berlin and Paris. Youth climate activists led by Greta Thunberg accused EU Green Deal chief Frans Timmermans of lacking the courage to align the bloc's massive farm subsidies scheme with his own flagship climate goals. Here’s an alternative. The "European Green Deal" aims to make the EU the world's first "climate-neutral" continent by 2050. Learn more about editorial content presented by outside advertisers. Why is the EU Commission promoting a lose-lose (pay more, get less) strategy rather than the straightforward use of green electricity, where it will deliver bigger CO2-reductions and for less money? Latest news, analysis and comment on defense in Europe and beyond. “The older I get, I realize the science is my oxygen. Argument: All of those emissions have to flatline in only three decades. Angela Merkel might even agree: she’s trying to salvage her reputation as the ‘Climate Chancellor’ by getting all EU members, including coal-reliant Poland, to back a higher 2030 climate goal by the end of the year. The European Green Deal will support and accelerate the EU’s industry transition to a sustainable model of inclusive growth. So when he says there needs to be a “just transition, or there will just be no transition” (and he will), it’s because it’s close to his heart. Current climate policy approaches are ill-suited for these regimes. After all, the EU accounts for only 10 percent of global emissions—and any gains made there would be more than wiped out elsewhere. It attracted my attention,” she said. Used the subsequent press conference to call the EU Climate law a “surrender.” Mic drop! In presenting her Green Deal last week, Commission President Ursula von der Leyen described it as Europe’s “man on the moon moment.” It is an apt metaphor for the endeavor: The United States put a man on the moon on its own, paying the full cost for Neil Armstrong’s giant leap for mankind. Policymakers are also being pushed by increasingly vocal protesters and a growing awareness that the time to cut greenhouse gas emissions is running very short. All illustrations by Marcus Marritt for POLITICO. POLITICO has a quick guide to the EU’s headline project to ensure you can hold your own with the acerbic Dutchman. Had Corinne Le Quéré been a bit more organized as a teenager, it’s likely she never would have become one of the most influential voices in the fight against climate change. Emissions: Ursula Von der Leyen has asked EU countries to cut emissions so deeply and so fast in just a decade that it would be roughly the same as shutting down Germany. Climate change and environmental degradation are an existential threat to Europe and the world. In foreign-policy terms, too, a unilateral approach will increase the risk of confrontation with traditional allies and trading partners that do not share its ambition on climate action. An impact assessed plan will also be presented to increase the EU's greenhouse gas emission reductions target for 2030 to at least 50% and towards 55% compared with 1990 levels. For many years, Le Quéré was the lead author of the Global Carbon Budget, a report by a group of scientists that looks at the latest state of research on the carbon budget and sources of emissions. The centerpiece is the European Climate Law, which is in the final stages of negotiation between EU institutions. This package of measures has far-reaching implications, not only for European consumers and businesses, but also for suppliers and markets globally. One can be a cynic about politicians and expediency, but in this case, the shift in perceptions is real. The failure of the Kyoto Protocol and the intended U.S. withdrawal from the Paris agreement amply demonstrate that decarbonization cannot rely on multilateralism alone. The . Latest news, analysis and comment on migration in Europe and beyond. China swallowed up the solar power industry, is way ahead in electric vehicles and poses a threat in wind power. But the EU is a long way behind China, Japan and the U.S. when it comes to tapping its potential. Kritik am "New Green Deal" 4. The European Green Deal could have similar technological spillovers, not just for renewable energy but also for complementary technologies such as energy storage. Green Deal, Greener World... Last week, the European Commission issued its “Communication on the European Green Deal”—the European Union’s legislative roadmap to carbon neutrality by 2050. Campaigning, lobbying and political influence in the EU. The European Green Deal is a set of policy initiatives by the European Commission with the overarching aim of making Europe climate neutral in 2050. The Green Deal is no longer the hazy aspiration of a few climate action enthusiasts; it is a detailed mainstream policy document affecting every sector in one of the richest, most sophisticated economies in the world. They will argue that richer countries, with less carbon-intensive economies, should do more. To overcome these challenges, Europe needs a new growth strategy that transforms the Union into a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases. The PRI’s report sets out recommendations to ensure that investors can scale up their contribution to the EU Green Deal and sustainability goals more broadly. To reach this 2050 goal, action will be required by all sectors of our economy, including: investing in environmentally-friendly technologies; supporting … Recent history shows how impactful such investment can be: The final cost of solar photovoltaic installations has declined by over 70 percent since 2010. These will make it cheaper for other geographies, including emerging markets, to decarbonize. How is Timmermans going to reform Europe’s existing policy infrastructure to ensure it all serves the emissions goals? Not to be confused with Hans Brusselmans. Just Transition Mechanism:A pot of cash to help deal with the economic fallout from the transition to a cleaner Europe. Don’t worry, it’s not a heavy read. Contrast this with the Green New Deal proposed by U.S. Democratic Rep. Alexandria Ocasio-Cortez and Democratic Sen. Ed Markey this year, which envisaged the complete decarbonization of the U.S. economy within 10 years. Finally, you need to know that both of Timmermans’ grandfathers were coal miners. Getting richer does not have to mean polluting more. All the cool kids are using it. Climate Law:The legislation meant to make the bloc’s 2050 goal of slashing greenhouse gas emissions to net-zero legally binding. Although that will likely be one of the most contentious aspects of the Green Deal, it is hard to imagine how else the EU could combat carbon leakage, where products that fall foul of environmental regulations if produced in the EU are simply imported from elsewhere, creating the same carbon emissions with none of the economic benefits. Le Quéré, 54, wanted to be a sports teacher but missed the application deadline by a day … and ended up studying physics and oceanography in her native Canada. Latest news, analysis and comment from POLITICO’s editors and guest writers in Europe. But by being the first major economy to take the plunge, Europe has decided to pay the high costs of early adoption for the uncertain promise that it will benefit others in the future. Beyond 2030, the additional investments are 1 percent to 2 percent of GDP, about €4.6 trillion between 2031 and 2050. But it’s actually another part of the Just Transition Mechanism (see below). The EU’s Green Deal will come with substantial costs—which is why Poland, a member state, has yet to sign up to it. During the coronavirus pandemic economic activity slowed, causing a reduction in carbon emissions but leaving the EU facing recession. Europe’s Green Deal Is Great, Unless It’s a Backdoor to a Planned Economy . Parliament wants the Green Deal to be at the core of the EU’s Covid-19 recovery package. The controversy will extend way beyond climate targets. The European Green Deal provides an action plan to. Carbon price floors: an addition to the European Green Deal arsenal. It combines climate change mitigation, environmental protection and biodiversity conservation with social justice and economic growth. Those 24 pages lay out a radical project to make the EU climate neutral by 2050 — that means the world’s second-largest economy will stop adding to the earth’s stock of greenhouse gases by then. Next year, instead of arguing over whether the EU should cut emissions by 55 percent, countries will fight over who must shoulder the most burden. Waiting for a call for a crucial meeting with Frans Timmermans, the Commission vice president in charge of the European Green Deal, and worried that he’ll start dropping unfamiliar terms? The CAP is built on principles, such as maximizing productivity, which may conflict with green goals to use more land for burying carbon. Horizon Europeis the EU's next research and innovation programme starting in 2021. The decline was doubtless helped by the early, heavily subsidized installations in Europe, which in 2012 accounted for 70 percent of total solar installed capacity. China’s Vaccine Diplomacy Has Mixed Results. Getting to net zero emissions by 2050 will require massive changes in nearly all aspects of our lives. The context of the EU Green Deal. A prize-winning climate scientist, she’s an adviser on climate policy to both the French and British governments. As Europe increases its climate ambitions, “we expect the rest of the world to play its role too,” an EU official explained. But the climate targets she’s proposing would be too little too late. Only seven years later, that is down to 30 percent, with the Asia-Pacific region (including China) now accounting for over half of installed capacity. The second way in which the Green Deal could succeed is by lowering the costs of the energy transition for everyone. Finally, the EU sees climate change as an issue that allows it to play the role of a global power — pestering the U.S. to rejoin the Paris Agreement, making deals with China and pressing other countries to also boost their climate pledges. If the EU succeeds in its ambitions, it will be able to tell the world that prosperity is not incompatible with climate sustainability. As these come into effect, pressure will be on the 27 member countries to actually bring those new rules to life. It might be best to avoid the subject of agriculture altogether. Log in to access content and manage your profile. The past 30 years have already given observers a taste of that: From 1990 to 2018, the EU’s emissions were down 23 percent. Despite this being the EU’s most vaunted policy, it’s curiously lacking in detail. “If you’re looking at a household in 2050, you have a completely transformed set of ways that you cook, heat your home, interact with other human beings, move around and the jobs you do.”. “There is a real imbalance between what the science community produces and how fast the policymakers are moving,” she said about the motivation behind starting the publication in 2004. Troops After All. “The share of hydrogen in Europe’s energy mix is projected to grow from the current less than 2% to 13-14% by 2050,” according to a draft Commission strategy. But she’s used climate as a bargaining chip to win over left-leaning groups, and has made the Green Deal the centerpiece of her presidency. Was allowed into the European Parliament in Brussels in April, despite a coronavirus-inspired ban on access to the building. Given how popular the climate agenda is in Western Europe, it seems likely that the EU will commit to this rule. Nonetheless, for the Green Deal to become a true game-changer, its ownership, solid implementing regulations, sufficient and targeted resource mobilisation for nature-based solutions and a strong assessment of the possible undesired effects outside of the EU need to be ensured. The distribution of the €17.5 billion Just Transition Fund will also be deeply contested. It covers every aspect of society and the economy and includes goals for biodiversity and agriculture. That inadvertent shift in her career has had an impact on global climate policy. In March 2020, the Commission will adopt an EU industrial strategy to address the twin challenge of the green and the digital transformation. The Green Deal takes a carrot-and-stick approach. Social Sharing. But in a world in which emerging markets keep increasing greenhouse gas emissions and the United States is pulling out of the Paris agreement on climate change, one may well ask: What’s the point? EIB public sector loan facility: One of the three parts (or pillars, if you prefer) of the Just Transition Mechanism (see below). The goal is clear, even if the man in charge doesn’t know exactly how it can be reached. France has seen four environment ministers since the current government took office three years ago, and London has kept up a similar pace of rotation. To do so, it first needs to shed any illusions that climate action is going to be a cooperative process in which the world harmoniously decarbonizes. But in driving its climate agenda, the EU is also taking a leaf out of Trump’s playbook: It suggests a provision for a “carbon border adjustment mechanism”—in other words, a carbon tariff. The cornerstone of the Green Deal is the EU Climate Law which will enshrine the objective of carbon neutrality by 2050. That’s causing anxiety in coal-dependent economies like Poland, the Czech Republic and Bulgaria, as well as in capitals around Europe, which will need to start addressing emissions in tough places like their building stock, trucks fleets and steel plants. It took time to develop the right tools to rebuild the economy. An diesen Aufgaben wirkt ein breites Spektrum von Interessenträgern mit, darunter Regionen und die Zivilgesellschaft. As the European Union sets out a more ambitious climate policy, carbon price floors provide an opportunity to place greater emphasis on altering expectations, so that market agents anticipate today higher future pay-offs from low-carbon investment. I can only do so much policy,” she said. Latest news, analysis and comment from POLITICO’s editors and guest writers on the continent. The European Parliament has called for the entire fund to be boosted to at least €25 billion. Circular economy: The Commission’s “Circular Economy Action Plan for a Cleaner and More Competitive Europe” is one of the main thrusts of the Green Deal. Von der Leyen, Ursula: There was precious little in the German’s pre-Commission career that hinted at a future pushing tough climate targets. The European Green Deal (minus the word “new’ with its radical overtones) is not yet one year old. Greenhouse gas emissions by sector in EU countries plus the U.K. in 2016, in millions of tons of CO2-equivalent: The Green Deal is, in the European Commission’s ponderous vernacular: “a new growth strategy that aims to transform the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource use.”. Which begs the question: Why don’t we just shut down Germany? Once elected, he canvassed and experimented widely and brought in surprising thinkers and ideas. Campaigning, lobbying and political influence in the U.K. What’s driving the day in Paris, en français, The weekly digest of the best stories in U.K. politics, SPONSORED CONTENT FROM COCA-COLA IN EUROPE. Dimitris Valatsas is the chief economist at Greenmantle. At the heart of the Green Deal was the rule that savings on bills would exceed the cost of the work. Also, none of this factors in the economic costs of inaction of climate change, which are devastating. Here's how. Schulze, Svenja: The German environment minister who is tasked with leading negotiations among EU countries on climate. “When I had enough, when I am stressed, when I am depressed, I look at my model, I go back to the basics, I look at my carbon sink in the ocean … to me this is my anchor.”. “We had, on the one hand, protecting our health and on the other, protecting our economy. Vier Aufgaben im Rahmen des Green Deals („Green-Deal-Missions“) werden dazu beitragen, umfassende Veränderungen in Bereichen wie Anpassung an den Klimawandel, Ozeane, Städte und Böden herbeizuführen. The European Green Deal is at the heart of European efforts to achieve sustainability. The aggressive pursuit of decarbonization across the EU will provide the funding support and the economies of scale for innovation in clean technologies. He’ll have to find a way to get the auto industry to institute radical new emissions standards for cars and trucks, and accept that they will soon be subject to Europe’s carbon pricing system. A mix of cash from the EU budget and loans from the European Investment Bank to “support the transition towards a climate-neutral economy by public sector authorities.” There’s a song about the EIB (no, really) that’s a mix of heavy metal and music hall. If it succeeds, the benefits will spread far beyond the borders of Europe. Finally, EU diplomatic efforts will be mobilised in support of the Green Deal. Can the EU’s call to climate action actually have an impact? The Green Deal was a UK government policy initiative that gave homeowners, landlords and tenants the opportunity to pay for energy efficient home improvements through the savings on their energy bills from 2012 to 2015. The Commission’s Green Deal also includes elements of European policy that are unlikely to be welcomed in some member states: it wants to tap into its own revenue streams for climate protection and questions the principle of unanimity where taxation is concerned. How Coca-Cola is supporting Europe’s green recovery. The European Green Deal is a document so thin you could print it out and not feel like you would be in breach of an EU forestry directive. Meeting Timmermans’ proposed 2030 stepping stone on the way to 2050 — a 55 percent cut in emissions compared to 1990 levels — will require an additional €82 billion to €147 billion in spending every year. Its GDP was up by 61 percent. 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. Green Deal, Greener World A survivor of regime atrocities explains why the international community must act. To begin with, it proposes that the bloc only agree to new comprehensive trade agreements with countries that are parties to and are effectively implementing the Paris agreement—most obviously excluding the United States if President Donald Trump is reelected next year. Under a European Council proposal, Germany, with its large coal industry, was slated to receive the second-largest share of the pie, despite being one of the bloc’s wealthiest countries. Providing communities that are built on carbon-spewing industries with meaningful, dignified alternatives is one of the toughest — and most expensive — challenges the deal will face. It’s a grand (or grandiose) vision for what Timmermans’ boss European Commission President Ursula von der Leyen calls an economy and politics “that is more caring.”, Success would result in a Europe that has been “tailored and re-engineered in a way that it that keeps you safe,” says Johanna Lehne, a policy adviser at the E3G think tank. “We thought having something that comes on an annual basis with the COP meeting when policymakers meet would be much more useful.”. Added to those environmental concerns, the EU is worried about being left behind in a green technology shift. This Wonk’s Survival Guide is produced with full editorial independence by POLITICO reporters and editors. POLITICO’s got you covered. There is no doubt that the European Green Deal is ambitious: It aims to decarbonize the world’s second-largest economy within three decades. How Far Will the Ethiopian-Eritrean Alliance Go? But that slim size conceals a big punch. Latest news, analysis and comment on elections in Europe and beyond. On protecting nature, much is aspirational and needs to be fleshed out. Le Quéré chairs France’s High Council on Climate and is a member of the U.K. Committee on Climate Change — both independent scientific advisory bodies set up to keep government climate policy on track.
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