The transition to a low-carbon economy is the EU's goal and obligation and the EU committed itself to implement this transition in a socially just and cost-effective manner. It is thus important to examine all the feasible ways of financing climate neutrality, and possibly find new and innovative financing models in the near future.
Strategy for long-term EU greenhouse gas emissions reduction (Communication) - Related Opinions
The EESC is currently drafting an opinion that aims to define what "the sustainable economy we need" should look like by exploring new economic models, investment decisions vis-à-vis technological advances as well as novel indicators for growth and competitiveness.
The proposed opinion will look at new approaches to more fairly distributing the burden of transformation towards a sustainable Europe.
The EESC takes note of the Fourth Report on the State of the Energy Union (SEU), supports the objectives of the Energy Union and welcomes the emphasis on the engagement and mobilisation of EU society to take full ownership of the Energy Union.
The EESC welcomes the Third Mobility Package, however, it notes that the Commission's proposal is limited almost exclusively to road transport. In order to develop effectively sustainable and safe mobility, a more ambitious project needs to be developed, taking all available forms of transport into consideration, with a particular focus on intermodality in freight and passenger transport.
Finance needs to be mobilised to serve the goals of the Paris Agreement on climate change, create jobs and enable Europe to have a leadership in climate technologies. Moreover, money flows need to be re-directed from polluting technologies towards innovative solutions that will help Europe close the emissions gap. Admittedly, these investments will all be profitable in the long run, but how to "prime the pump"? The EESC's own-initiative opinion on the European Finance-Climate Pact will suggest solutions that can make it happen.
The key message of the opinion is that transforming the energy system towards carbon-free, decentralised and digitalised supply offers enormous opportunities, in particular for structurally weak and rural regions in Europe. The development of renewable energy (RE) can have a major and beneficial impact on employment, and can be configured so as to provide a completely new stimulus for the regional economy. There is therefore potential for mutually reinforcing the positive effects of Europe's energy and cohesion policies. The European Economic and Social Committee (EESC) finds it regrettable that both the Commission and the Member States have yet to properly recognise this potential, let alone exploit it.
The European Economic and Social Committee welcomes the opportunity to provide an opinion on the Third report on State of the Energy Union by the European Commission, as it did before for the first and second reports. As expressed in previous opinions, the EESC strongly supports the idea of a European Energy Union and would like to stress that the Energy Union is not only relevant to sectoral policies such as energy, transport and climate but offers opportunities to make Europe more democratic, more cohesive, more competitive, and more just.