European Green Deal
European Green Deal
European Green Deal
• Knowing the different areas that the European Green Deal addresses
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
European Green Deal - Introduction
• The plan is to review each existing law on its climate merits, and also
introduce new legislation on the circular economy, building renovation,
biodiversity, farming and innovation
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
The European Green Deal – Policy areas
https://www.compostnetwork.info/eu-green-deal/ 4
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
European Green Deal – First steps
Proposal of
Proposal of a a Circular
European Climate Economy
Law as a legal Action Plan
Presentation framework to focusing on
achieve the 2050 sustainable Presentation of
of the
climate neutrality resource the 2030
European
goal use Climate Target
Green Deal
Plan
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Financing the European Green Deal
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
European Green Deal Investment Plan (over 10 years)
• The InvestEU Fund will leverage around EUR 279 billion of private and public
climate and environmentally-related investments by providing an EU budget
guarantee to reduce the risk in financing and investment operations
• Revenues from the auctioning of carbon allowances under the Emissions Trading
Scheme will provide at least some EUR 25billion
7
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
The Just Transition Mechanism
• €100 billion should be attracted using the Just Transition Mechanism (JTM)
• Designed to support regions and communities that are most affected by a green
transition, for instance regions that are strongly reliant on extractive industries
and related energy production as well as carbon intensive industries
• To address the specific challenges in these regions and to alleviate the socio-
economic impact of the transition, the Commission has introduced the JTM
• Includes financing from the EU budget, co-financing from the Member States as
well as contributions from InvestEU and the European Investment Bank
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Who will benefit and what will be funded by the JTM?
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Climate Target Plan
The Circular Economy Action Plan and
the Biodiversity Strategy
10
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
The Climate Target Plan 2030
• A comprehensive impact assessment shows how all sectors of the economy and
society can contribute and sets out the policy actions required to achieve this
goal
https://ec.europa.eu/clima/policies/eu-climate-
action/2030_ctp_en
11
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
The Climate Target Plan 2030
• A comprehensive impact assessment shows how all sectors of the economy and
society can contribute and sets out the policy actions required to achieve this
goal
https://ec.europa.eu/clima/policies/eu-climate-action/2030_ctp_en
12
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Identified policy areas
• Some of the identified policy areas based on the impact assessment for which
by June 2021 legislative proposals will be presented:
13
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
A New Circular Economy Action Plan
https://openknowledge.worldbank.org/handle/10986/30317
• Global consumption of materials such as
biomass, fossil fuels, metals and minerals is
expected to double in the next forty years,
while annual waste generation is projected
to increase by 70% by 2050
• Goal of the circular economy action plan is to help achieving climate neutrality by 2050
and decoupling economic growth from resource use
Main areas:
– Focus on sectors that use the most resources and have the potential for high
circularity e.g. electronics, batteries, vehicles, packaging, plastics, construction
14
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
A New Circular Economy Action Plan
15
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Biodiversity Strategy for 2030
16
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Biodiversity Strategy
https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1590574123338&uri=CELEX%3A52020DC0380
17
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Summary and criticism
• All in all the numerous initiatives of the Deal aim at adjusting the legal and the
financial framework of the EU to help achieve climate neutrality goal by 2050
• Therefore the deal presents a set of policies for the different areas of action
including a timetable to review and/ or reform existing laws, propose new
laws, work out new strategies/ action plans
• While some of the announced strategies and initiatives have been presented
already it is still a work in progress and many of the projects mentioned will
only be finalized within the next four years
The Guardian: “Setting aside the fact that the €100bn per annum is so far fictitious, it does not come
close to the funding needed to deliver the targets. Don’t take our word for it. The commission itself
estimates that Europe needs €260bn annually to achieve its 2030 climate and energy targets – more
than double the amount on offer.”
Emerging Europe: “The deal been criticized by environmental advocacy groups such as Greenpeace, who
say that these funds [Just Transition Fund] should not be given to countries not committed to phasing at
fossil fuels. The EU budget currently allows investments in fossil fuels and nuclear energy.”
18
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
For further interest…
• The initiative “Democracy in Europe Movement” published a counter draft to the deal
proposed by the Commission: the „Green new deal for Europe“
• What are your thoughts on the proposal? Do you think it is realistic/ appropriate/
utopian?
https://www.gndforeurop
e.com/about
19
Dr. Vanessa Bach Strategies for Sustainable Development: Policies & Governance
Thank you for your attention!