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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. 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. It’s bad. POLITICO’s got you covered. Moreover, the deal’s long but still visible horizon—slightly longer than one generation—means that this goal is technically achievable while still addressing activists’ concerns. The modern European version is just a year old and still in its early stages. Timmermans, Frans: The Commission’s main man on the Green Deal. Just Transition Mechanism:A pot of cash to help deal with the economic fallout from the transition to a cleaner Europe. The European Parliament has called for the entire fund to be boosted to at least €25 billion. Concerns about the efficacy of Sinovac and Sinopharm has dented their reputation, even among allies of Beijing. 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. 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. The European Green Deal will support and accelerate the EU’s industry transition to a sustainable model of inclusive growth. The Green Deal isn’t a law. 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! The distribution of the €17.5 billion Just Transition Fund will also be deeply contested. Upfront investments will be needed to switch energy, industry and transport to clean tech. “We thought having something that comes on an annual basis with the COP meeting when policymakers meet would be much more useful.”. “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.”. 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. Good investments pay themselves back, so the Commission predicts overall impact on GDP will be minimal. The European Green Deal . 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. 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. But the climate targets she’s proposing would be too little too late. Argument: At the heart of the Green Deal was the rule that savings on bills would exceed the cost of the work. Here’s an alternative. The EU’s green deal is a colossal exercise in greenwashing | Yanis Varoufakis and David Adler . “The older I get, I realize the science is my oxygen. The fund is there to help “support the economic diversification and reconversion of the territories concerned” — and, one suspects, because it wouldn’t be the EU if there weren’t two things that sound the same but aren’t quite the same. “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. 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. 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. Sea level rise alone could be costing Europe €135 billion to €145 billion per year by the 2050s, rising to €450 billion to €650 billion by the 2080s. 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. 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? Also, was once lifted out of a bin by the actor Hugh Jackman. 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. Becoming a scientist happened “accidentally,” she said. 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. It combines climate change mitigation, environmental protection and biodiversity conservation with social justice and economic growth. When presidential candidate Franklin D. Roosevelt promised a “New Deal” for a depression-struck U.S. in 1932, he didn’t really have a plan. The aggressive pursuit of decarbonization across the EU will provide the funding support and the economies of scale for innovation in clean technologies. But that slim size conceals a big punch. 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. The European Green Deal is at the heart of European efforts to achieve sustainability. 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. Getting richer does not have to mean polluting more. How Coca-Cola is supporting Europe’s green recovery. That’s about half a percentage point of the EU’s GDP. How is Timmermans going to reform Europe’s existing policy infrastructure to ensure it all serves the emissions goals? After a virtual meeting with him earlier Tuesday, the 18-year-old Thunberg and three fellow campaigners said they told Timmermans he should withdraw the Commission's proposal … EU leaders are aiming to agree major details in December, with the law to be finalized in 2021. All of those emissions have to flatline in only three decades. 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. 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.”. Poland, which still produces 80% … One can be a cynic about politicians and expediency, but in this case, the shift in perceptions is real. 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. Dimitris Valatsas is the chief economist at Greenmantle. Finally, to be successful, the EU will need to use its economic size and influence in trade and foreign policy if it is to drive climate action worldwide. Latest news, analysis and comment on migration in Europe and beyond. The EU and its member states have one last hope for preventing a wave of ECT lawsuits. The past 30 years have already given observers a taste of that: From 1990 to 2018, the EU’s emissions were down 23 percent. It’s a sign that concern over climate change has migrated from the margins to the heart of EU policymaking. Instead, she dives back into pure science. Social Sharing. “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.”. Finally, EU diplomatic efforts will be mobilised in support of the Green Deal. 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. But it will inspire a legislative firestorm. Also, none of this factors in the economic costs of inaction of climate change, which are devastating. But the EU is a long way behind China, Japan and the U.S. when it comes to tapping its potential. 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? 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. Not to be confused with Hans Brusselmans. Latest news, analysis and comment on security in Europe and beyond. Learn more about editorial content presented by outside advertisers. Thunberg, Greta: Youth climate strikers, including their figurehead Thunberg, have emerged as a major political force in the climate fight, especially in Europe. The U.N. dials up the pressure campaign against Myanmar’s putschists. Schulze, Svenja: The German environment minister who is tasked with leading negotiations among EU countries on climate. That inadvertent shift in her career has had an impact on global climate policy. The Green Deal takes a carrot-and-stick approach. 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. 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. The European Green Deal provides an action plan to. As Europe increases its climate ambitions, “we expect the rest of the world to play its role too,” an EU official explained. 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. Troops After All. The second way in which the Green Deal could succeed is by lowering the costs of the energy transition for everyone. 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. Beyond 2030, the additional investments are 1 percent to 2 percent of GDP, about €4.6 trillion between 2031 and 2050. 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. Poorer Central European countries will say that the transition is more expensive or disruptive for them. 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. A prize-winning climate scientist, she’s an adviser on climate policy to both the French and British governments. China swallowed up the solar power industry, is way ahead in electric vehicles and poses a threat in wind power. It attracted my attention,” she said. 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. Read more. European Green Deal is a key policy plank of the new European Commission led by President Ursula von der Leyen. These days, when Le Quéré needs a break from getting politicians to look seriously at climate change, she doesn’t turn to sports. 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. It took time to develop the right tools to rebuild the economy. 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. But it’s actually another part of the Just Transition Mechanism (see below). 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. Recent history shows how impactful such investment can be: The final cost of solar photovoltaic installations has declined by over 70 percent since 2010. Find out more about this roadmap for a climate-neutral Europe. Its GDP was up by 61 percent. 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. 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. GNDE, in fact, provides for the establishment of an income for all those who take care of people, the urban and rural environment, and the natural world. The "European Green Deal" aims to make the EU the world's first "climate-neutral" continent by 2050. The centerpiece is the European Climate Law, which is in the final stages of negotiation between EU institutions. To reach this 2050 goal, action will be required by all sectors of our economy, including: investing in environmentally-friendly technologies; supporting … She “drifted” into oceanography “just because it was interesting. Climate Law:The legislation meant to make the bloc’s 2050 goal of slashing greenhouse gas emissions to net-zero legally binding. The EU is doing the same thing for sustainable living here on Earth. 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. T he EU Green Deal is one of the most ambitious priorities of the new European Commission (EC). The cornerstone of the Green Deal is the EU Climate Law which will enshrine the objective of carbon neutrality by 2050. If implemented successfully, it will enable Europe to play a leading role in redefining how the world achieves sustainable economic … Philippines Leaning Toward Allowing U.S. That will enshrine the goal to reach net zero emissions in 2050 into law, plus a host of measures to achieve it. The political fight over the climate targets is about to enter a new phase. destructive as fossil fuels. Steam and exhaust rise from different companies on a cold winter day in Oberhausen, Germany, on Jan. 6, 2017. 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. Campaigning, lobbying and political influence in the EU. Added to those environmental concerns, the EU is worried about being left behind in a green technology shift. All the cool kids are using it. Horizon Europe, in synergy with other EU programmes, will be key to leveraging national public and private investment. Von der Leyen, Ursula: There was precious little in the German’s pre-Commission career that hinted at a future pushing tough climate targets. 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. Finally, you need to know that both of Timmermans’ grandfathers were coal miners. 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. Where to start? China’s Vaccine Diplomacy Has Mixed Results. Given how popular the climate agenda is in Western Europe, it seems likely that the EU will commit to this rule. 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. Kritik am "New Green Deal" 4. There is no doubt that the European Green Deal is ambitious: It aims to decarbonize the world’s second-largest economy within three decades. By logging in, you confirm acceptance of our POLITICO Privacy Policy. New data proves you can support capitalism or the environment—but it’s hard to do both. 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. It is a package of measures that aims to radically cut emissions of greenhouse gases while creating jobs in clean industries. Climate change and environmental degradation are an existential threat to Europe and the world. Used the subsequent press conference to call the EU Climate law a “surrender.” Mic drop! Green Deal, Greener World Unlike the U.S. Democrats’ Green New Deal, the European Union’s version is technically feasible. The controversy will extend way beyond climate targets. Green Deal, Greener World Hydrogen: The latest hot new energy trend in Brussels, Berlin and Paris. Fear not! That’s a huge success for the scientists, lobbyists and campaigners who have waged a decades-long battle to make global warming a central concern — something helped by Australian, Siberian, Brazilian, Portuguese and Californian wildfires, melting icecaps, summer heatwaves, ferocious storms, coastal floods and steadily climbing atmospheric CO2 concentrations. 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. It might be best to avoid the subject of agriculture altogether. Log in to access content and manage your profile. 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. 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. A survivor of regime atrocities explains why the international community must act. On protecting nature, much is aspirational and needs to be fleshed out. Latest news, analysis and comment from POLITICO’s editors and guest writers on the continent. InvestEU: Sounds like the subject line of an email from a wayward royal telling you there are millions of dollars unclaimed in a Western Union account and he can help you get it out — all he needs is a small cash advance or a bank account number to complete the wire transfer! How Far Will the Ethiopian-Eritrean Alliance Go? The wrangling will start when Timmermans presents legislation on how to meet the 2030 target in June 2021. Latest news, analysis and comment from POLITICO’s editors and guest writers on German politics. In March 2020, the Commission will adopt an EU industrial strategy to address the twin challenge of the green and the digital transformation. This package of measures has far-reaching implications, not only for European consumers and businesses, but also for suppliers and markets globally. Here's how. 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. Latest news, analysis and comment from POLITICO’s editors and guest writers in Europe. Not doing that could thwart the goals of the European Green Deal. “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. 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. Some word about the EU Green Deal. Its powerful instruments and innovative governance will drive the necessary systemic changes to reach climate neutrality and ensure an inclusive ecological and economic transition. To succeed, the EU must embrace climate unilateralism. 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. 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. 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. Despite this being the EU’s most vaunted policy, it’s curiously lacking in detail. As these come into effect, pressure will be on the 27 member countries to actually bring those new rules to life. The context of the EU Green Deal. Greta Thunberg Calls Out EU Green Deal Swedish climate activist Greta Thunberg addresses the environment committee at the European Parliament in Brussels as they unveil their Green Deal. An diesen Aufgaben wirkt ein breites Spektrum von Interessenträgern mit, darunter Regionen und die Zivilgesellschaft. 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. Just Transition Fund: Yet another part of the Just Transition Mechanism. 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. The European Green Deal (minus the word “new’ with its radical overtones) is not yet one year old. Was allowed into the European Parliament in Brussels in April, despite a coronavirus-inspired ban on access to the building. But the Biden administration still faces an unreliable ally in Duterte. These will make it cheaper for other geographies, including emerging markets, to decarbonize. Dezember 2019, 18:53 Uhr Europa: Kritik am "New Green Deal" Detailansicht öffnen. EIB public sector loan facility: One of the three parts (or pillars, if you prefer) of the Just Transition Mechanism (see below). Each year the analysis makes headlines around the world. Latest news, analysis and comment on defense in Europe and beyond. The . In Europe, the letter concludes, this request is now incorporated into a new political-economic proposal, the Green New Deal for Europe, which makes it a cornerstone of its climate justice program. It covers every aspect of society and the economy and includes goals for biodiversity and agriculture. Parliament wants the Green Deal to be at the core of the EU’s Covid-19 recovery package. If the world isn’t careful, renewable energy could become as Once elected, he canvassed and experimented widely and brought in surprising thinkers and ideas. 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. 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. InvestEU is an umbrella term for EU funding schemes, with the Green Deal cash being just one of many. Thirty percent of global emissions come from countries led by populist nationalist leaders. 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. 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. The CAP is built on principles, such as maximizing productivity, which may conflict with green goals to use more land for burying carbon. 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. 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. Latest news, analysis and comment from POLITICO’s editors and guest writers on French politics. 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. After all, the EU accounts for only 10 percent of global emissions—and any gains made there would be more than wiped out elsewhere. “The European Climate Law,” said Timmermans at the law’s presentation in March, “is also a message to our international partners that this is the year to raise global ambition together, in the pursuit of our shared Paris Agreement goals.” Can the EU’s call to climate action actually have an impact? The idea of a Green New Deal has been kicking around US politics since at least 2006. Getting to net zero emissions by 2050 will require massive changes in nearly all aspects of our lives. The goal is clear, even if the man in charge doesn’t know exactly how it can be reached. The European Green Deal could have similar technological spillovers, not just for renewable energy but also for complementary technologies such as energy storage. I can only do so much policy,” she said. 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