On December 11th, the European Green Deal was presented by the European Commission. It contains a new growth strategy that aims to transform the EU into a fair and prosperous society, with a modern, resource efficient and competitive economy. An economy free of greenhouse gas emissions by 2050 and where economic growth is decoupled from the use of natural resources.
Natural capital needs to be to protected, conserved and enhanced, so that the health and well-being of the citizens can be protected from environmental- related risk and impacts. Not only should this ideal serve as an example for the rest of the world, but it can also have significant impacts in terms of cross border business when selling about products produced in high emission countries for example.
The European Commission has already set out a clear vision of how to achieve climate neutrality by 2050. This vision should form the basis for the long-term strategy that the EU will submit to the United Nations Framework Convention on Climate Change in early 2020. To set out clearly the conditions for an effective and fair transition, to provide predictability for investors, and to ensure that the transition is irreversible, the Commission will propose the first European ‘Climate Law’ by March 2020. This will enshrine the 2050 climate neutrality objective in legislation. The Climate Law will also ensure that all EU policies contribute to the climate neutrality objective and that all sectors play their part.
Dr2 Consultants will keep following up on the European Green Deal. Our colleagues from Dr2 Consultants in Brussels made an analysis of the plans to achieving climate neutrality with the focus on energy, circular economy and sustainable transport.
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 European Commission