Now it’s time to act
The European Green Deal is, on the one hand, our vision for a climate-neutral continent in 2050, and on the other hand a very dedicated roadmap whose goal is 50 actions for 2050.
Our goal is to reconcile the economy with our planet, to reconcile the way we produce, the way we consume, with our planet and to make it work for our people. The European Green Deal is on the one hand about cutting emissions, but on the other hand about creating jobs and boosting innovation.
The old growth model based on fossil fuels and pollution is out of date and out of touch with our planet, the European Green Deal is our new growth strategy that gives more back than it takes away.
This is Europe’s man on the moon moment. The European Green Deal is very ambitious, but it will be very careful in assessing the impact of every single step we’re taking.
The deal, which aims to make Europe the first climate-neutral continent by 2050, is a roadmap for making the EU’s economy sustainable by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.
It covers all sectors of the economy, most notably transport, energy, agriculture, buildings, and industries such as steel, cement, ICT, textiles and chemicals.
Meeting the objectives of the European Green Deal will require significant investment and that achieving the current 2030 climate and energy targets will require an estimated €260bn of additional annual investment, representing about 1.5 percent of 2018 GDP.
At least 25 percent of the EU’s long-term budget should be dedicated to climate action, and that the European Investment Bank, Europe’s climate bank, will provide further support.
Our goal is to reconcile the economy with our planet, to reconcile the way we produce, the way we consume, with our planet and to make it work for our people.
