The EU Industrial Strategy, to be presented by the European Commission this week, will be a litmus test on the willingness of the EU executive to land the European Green Deal in the real world, writes Sophie Rigaudie.
The transmission grid operators still assume, in a recently published draft scenario, that the EU’s gas demand by mid of the century will be roughly two thirds higher than the demand that the European Commission considers for reaching the 1.5°C objective. With this, anyone can easily justify all kinds of fossil gas projects that will not bring us to Paris targets as quickly as we need.
The climate neutrality puzzle is massive. As EU affairs ministers meet in Brussels tomorrow (28 January), they should ensure €260 billion are invested annually to lead a fair and just transition away from fossil fuels, campaigners write.
It’s the new Commission’s first weeks in office and climate is in the spotlight, with a European Green Deal expected to be tabled on 11 December. To succeed, the deal needs to enshrine increased climate ambition for the next decade, align the EU budget accordingly and boost EU support to developing countries.
The commitments made by several European countries to the replenishment of the Green Climate Fund (GCF) are only a modest first step. More countries now need to come forward ahead of the upcoming GCF pledging conference in October.
Torn between the cuts caused by Brexit and the investments that the European Green Deal requires, negotiations over the next EU budget after 2020 are getting tough. The EU must not, however, pass on the challenge and use 40% of its funds to support climate action, writes Markus Trilling.
Greek consumers could end up footing the bill for new coal plants well beyond 2050 under a proposed government scheme, despite recently agreed EU electricity market rules specifically designed to call time on coal subsidies, write Joanna Flisowska and Nikos Mantzaris.
An EU budget aligned to the goals of the Paris Agreement, the fulfilment of climate neutrality and the swift decarbonisation of the European economy is a win-win situation for both net payers and recipients to the EU budget, argue Markus Trilling and Raphaël Hanoteaux.
As the European Investment Bank (EIB) holds a meeting in Brussels today (25 February) to consult the public on its new energy policy, Wendel Trio reflects on the role the EU’s bank should have in tackling the climate crisis.
Progress in the Long Term Strategy for 2050 and at the climate conference in Katowice will be for nothing if European ministers allow disputes over the size of the next EU budget to roadblock important moves towards funding a zero-emissions energy transformation, write Raphael Hanoteaux and Markus Trilling.