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Europe's Green Deal: The roadmap Brussels, Dec 11 (AFP) Dec 11, 2019 The European Commission has presented its Green Deal, a growth strategy aimed at building a carbon neutral economy by 2050. The plan will now be considered by EU leaders and the European Parliament, under pressure from energy lobbyists and climate activists. Here are the main points of the blueprint unveiled Wednesday by commission president Ursula von der Leyen.
The Commission will present the text of the law within 100 days, and warns that current policies would only reduce emissions by 60 percent by mid century. By June next year the EU should have a study laying out how to cut greenhouse gas emissions by at least 50 percent from 1990 levels by 2030. The plan is to have the new targets agreed before the COP26 global climate conference in Glasgow, Scotland at the end of next year.
The plan laid out this week would see a "transition mechanism" -- a fund of five to seven billion euros -- added to the bloc's 2021-2027 budget framework. Along with spending from the EU cohesion budget, national funds and loans from the European Investment Bank, EU officials say 100 billion could be mobilised. This would help countries' switch to renewable energy.
The commission wants in particular to include the shipping industry in the system and reduce the allowances granted to aviation. There also will be a mechanism to protest greener European manufacturers from less environmentally friendly rival imported goods.
"At least 25 percent of the EU's long-term budget should be dedicated to climate action," the European Commission said. "For the private sector to contribute to financing the green transition, the Commission will present a Green Financing Strategy in 2020."
Under plans to be outlines in more detail in the first quarter of next year, the Commission wants to place new limits on pesticide use by 2021.
Officials estimate that a million public stations will be needed. By June 2021, they intend to tighten up emissions rules for cars and vans still further.
A new industrial strategy to promote "climate neutral products" will be prepared for March 2020.
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