The Sustainable Europe Investment Plan contributes to the implementation of the Sustainable Development Goals.This is consistent with the commitment, in the European Green Deal Communication, to put the Sustainable Development Goals at the heart of the EU’s policymaking and action.
The proposed financing of €7.5 billion from the EU long-term budget has been increased to €10 billion, in addition to €30 billion in external revenue from the European Recovery Instrument. For the Just Transition the European Investment Bank, backed by the European Union budget, will mobilize between EUR 25 and EUR 30 billion of investments which will be used for loans to the public sector, for instance for investments in district heating networks and renovations of buildings. Listen to policy podcast ‘European Green Deal Investment Plan: Main elements and possible impact of the coronavirus pandemic’ on YouTube. “Renew Europe will be at your side," said Pascal Canfin, a French MEP. Report underscored vast differences in standards and practices among the EU’s members. endstream <> This will create challenges for a number of states and societies," the communication said. <> Understand your clients’ strategies and the most pressing issues they are facing. <>stream The European Union Bank announced the doubling of its climate target from currently 25 % to 50 % by 2025. "The ecological transition will reshape geopolitics, including global economic, trade and security interests. Change ), You are commenting using your Facebook account. Leaders’ pandemic dilemma: What travel is essential?
Potential Merkel successor on China, Russia, transatlantic relations and more. endobj British PM had to correct himself after press conference gaffe.
Further funding could come from a public sector loan facility - €1.5 billion in grants from the long-term budget and up to €10 billion in EIB loans - with an additional €25-€30 billion in public authorities’ investments to help regions that are most affected to cope with the costs of decarbonisation. What's driving the day in Westminster. ?��pt�ecI$�v8�n�2Xx H�3ZG]6��E���S��m��2Xay`bjz�= ]tY����@#��rE�\X���?��ҋ�G�;�Ј`(��X�!" Post was not sent - check your email addresses! 58 0 obj The European Green Deal Investment Plan is designed to attract at least one trillion euros worth of public and private investment over the next decade. ", © Copyright 2006 - 2020 Law Business Research. 7 0 obj endobj 47 0 obj Around half of the money should come from the EU's long-term budget through various programmes that contribute to climate and environment projects, for instance through agricultural funds, the Regional Development Fund, Cohesion Fund, Horizon Europe and the Life programme. The end of Quim Torra’s presidency could precipitate deeper changes in the Catalan government. Heads of state and government will focus mainly on foreign policy, especially Turkey, with a footnote on Brexit talks.
A single country’s strategic stalling shouldn’t be allowed to hold up the Union. A weekly newsletter on campaigning, lobbying and political influence in the EU. 5 below); (ii) pillar 2 or Just Transition scheme under InvestEU (for more information please see section no. endobj <> To achieve an interim greenhouse gases reduction target of 40% by 2030 would require €260 billion of additional investment a year, according to the Commission’s estimates. European Parliamentary Research Service Blog.
<> The plan announced in the European Green Deal to raise the EU’s greenhouse gas emission reductions target further for 2030 will translate into even bigger investment needs. <> <> He may not be stable, but he has a coherent strategy for harnessing self-promotion for personal gain. Macron calls on Europe to quit dependency on US arms, Out of isolation, Michel invites EU leaders to summit, Finland’s Sanna Marin to represent Sweden at EU summit, UK imposes sanctions on Belarusian president, Boris Johnson confused by his own coronavirus rules, Boris Johnson announces ‘radical change’ to UK education system, Mike Pompeo to warn Vatican the devil’s in the detail of its China deal, Commission backs Jourová following Orbán’s resignation call, Italy’s Giorgia Meloni elected president of European Conservatives and Reformists, Emmanuel Macron: EU is ‘screwed’ if Parliament doesn’t meet in Strasbourg, The 10 biggest whoppers you can expect at the first US presidential debate, Macron meets Belarusian opposition leader Tikhanovskaya in Vilnius, The New York Times confirms Trump is a genius, Hungary’s Orbán demands Commission VP Věra Jourová’s resignation, Poland, Hungary to set up rule of law institute to counter Brussels, Arun Bansal, president and head of Europe and Latin America, Ericsson, US power vacuum risks escalating violence in Armenia-Azerbaijan, Q&A: German leadership candidate Norbert Röttgen, Q&A: German leadership candidate Armin Laschet, Catalonia in turmoil after Supreme Court removes president, The Armenia-Azerbaijan conflict explained, Macron to meet Belarusian opposition leader Tikhanovskaya, US, Greece call for peaceful solution in East Med during Pompeo visit, Macron ups pressure on European Parliament in Strasbourg standoff, POLITICO's EU Studies and Career Fair - 22nd edition, Von der Leyen’s Green Deal faces tough political battles, The 15 most offensive things that have come out of Trump’s mouth, Europe shrugs at Trump’s ‘America First’ drug pricing, Irish foreign minister optimistic of reaching limited post-Brexit deal, Brexit: UK’s Internal Market Bill passes with ease, Brexit inches forward — just don’t mention the tunnel, EU Policy and Advocacy Researcher (m/f/d) at Cefic (Brussels, Belgium), EU Digital Communications Manager - Maternity Cover (m/f/d) at Cefic (Brussels, Belgium), Director-General at Directorate-General Justice and Consumers (Brussels, Belgium), Director for Legislative Work (M/F) AD14 at European Committee of the Regions (CoR) (Brussels, Belgium), Germany lifts blanket world travel warning, New Belgian health minister is socialist veteran Frank Vandenbroucke, Green MEP Petra De Sutter to be named deputy Belgian PM.
59 0 obj Jourová had criticized the Hungarian leader in an interview this weekend. This site uses Akismet to reduce spam. As infections rise, political leaders’ work methods face scrutiny. The Green Deal is “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,” according to the communication. At the end of May 2020, in the framework of Next Generation EU, the Commission proposed increasing the InvestEU budget and doubling funding for sustainable infrastructure to €20 billion out of the total €75 billion guaranteed from the EU budget. 12 0 obj Florian Eder’s must-read briefing on what's driving the day in Brussels. I find that the employment law newsfeeds are extremely helpful and relevant. It will help public and private project promoters identify, develop and implement green investment projects. Spain’s judiciary is waging a relentless crusade against Catalans’ right to decide their future. The annex to the communication outlines the timelines for all the policy measures, including some coming as soon as January, such as a Just Transition Mechanism and a Sustainable Europe Investment Plan. The EU wants to attract more private money as public funds are insufficient. endobj w���1�m��8��W�yl��jPsI
2 0 obj Talks will take place during French president’s visit to Lithuania. The European Green Deal provides an action plan to. <> Find out more on the EU's response to climate change. "Mrs Merkel, tear down this rule". No solution to crisis without Putin, French president says. Coronavirus has exposed weaknesses in Britain’s system, the prime minister warned. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
<> The European Green Deal is a response to these challenges. boost the efficient use of resources by moving to a clean, circular economy; restore biodiversity and cut pollution; The plan outlines investments needed and financing tools available. Rely on the Just Transition Platform. ���ȓa���\d����n��"͉a��b^ #�"6D�N}�t %$Q�Uϐ (i) to increase funding for the transition, and mobilize at least EUR 1 trillion to support sustainable investments over the next decade through the European Union budget and associated instruments, in particular InvestEU Programme (”InvestEU”); (ii) to create an enabling framework for private investors and the public sector to facilitate sustainable investments; (iii) to provide support to public administrations and project promoters in identifying, structuring and executing sustainable projects. endobj 8 0 obj The clock is ticking as Brexit talks enter the final straight. Another 4 years of Trump would be a boon to Russia, Ukrainians fear. endstream That text proved controversial — the precise language was finalized at the last minute, as shown by a late draft obtained by POLITICO. The EU's coal sector employs 238,000 people in coal mines and power plants in more than 100 European regions from Poland to Spain. endobj
This upfront investment is also an opportunity to put Europe firmly on a new path of sustainable and inclusive growth. “I am hopeful that the Council might come to that agreement, but we’ll have to wait and see,” Commission First Executive Vice President Frans Timmermans, in charge of the Green Deal, told reporters on Wednesday.
The von der Leyen Commission launched the European Green Deal as the new growth strategy of the European Union (EU), with a view to promoting the transition to a climate-neutral economy by 2050.
European Commission President Ursula von der Leyen went into battle on Wednesday as she launched her Green Deal, a three-decade effort to upend just about every policy area in the EU to make the bloc climate neutral by 2050. Berlin will make or break the European Green Deal €1 trillion isn't enough for the European Green Deal and the EU's fiscal framework is constraining public investment. The Just Transition Mechanism (the “Just Transition”) is a key tool to ensure that the transition towards a climate – neutral economy happens in a fair way, leaving no one behind. endobj