Just a few days ahead of last December's climate summit COP24 in Poland, the European Commission published its long-term strategy "A clean planet for all" presenting its vision for achieving net-zero greenhouse gas emissions by 2050 through a socially-fair transition in a cost-efficient manner. While the document does not contain any new policy proposals, it provides the direction of travel of EU climate and energy policy and frames what the EU considers as its long-term contribution to achieving the Paris Agreement temperature objectives in line with UN Sustainable Development Goals.
Climate Action Summit 2019 - Related Opinions
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.