Since the publication of the European Green Deal on 11 December 2019, the European Commission has placed the initiatives to fight climate change on top of the European political agenda to create a more sustainable and fair development strategy for Europe.
The political ambitions of the Ursula von der Leyen’s European Commission to make Europe the first climate-neutral continent by 2050 has been widely supported. At CEEP, we particularly welcomed the ambition of the European institutions to ensure that all EU policies will contribute to the EU Green Deal objectives for a net-zero emission target. Together with its members, CEEP is committed to developing a balanced and sustainable strategy relying on the economic, social and environmental developments; this will be precisely at these three angles where the success of the Green Deal will depend on to reach its objectives for 2050. As CEEP members manage essential infrastructure and provide SGIs that contribute to wellbeing and competitiveness, their proximity to economic actors makes them key players in climate policies. The European Parliament also backed those ambitions, supporting with a broad majority a Motion for a Resolution on the European Green Deal on 15 January 2020. In this text, MEPs welcomed the Commission’s proposal and supported the ambitious European Sustainable Investment Plan to achieve the Green Deal objectives.
Following the presentation of the main objectives of the EU Green Deal, the European Commission released on 14 January 2020 the proposed European Green Deal Investment Plan (EGDIP), the investment pillar of the Green Deal, which will mobilise €1 trillion for sustainable investments over the next decade. CEEP welcomes those publications, which should help to achieve the high level of ambitions of the Green Deal by attaching the right funding to it, both in terms of support to infrastructures with the Investment Plan and in terms of investment in people with the Just Transition Fund.
Part of the new investment plan, the Just Transition Mechanism will target to achieve a fair and just green transition in Europe. It will mobilise at least €100 billion in investments over the period 2021-2027 to support workers and citizens of the regions most impacted by the transition. The Commission is currently pushing rapidly for its policy files and we now reached the stage of an ongoing consultation process.
Spearheaded by the Sustainability Board, CEEP is currently preparing its key messages and responses to the first proposals, including the expected EU Climate Law to be presented in the coming weeks. Activities around the EU Green Deal will only pick up in the coming weeks and months, and CEEP intends to play its part in the discussions.