The EU’s foreign affairs ministers today welcomed the Commission’s strategic long-term vision for a climate neutral Europe. Ministers also called for urgent and decisive action to strengthen the global response on climate change and restated the EU’s determination to lead the way on accelerated climate action on all fronts.
“The successful transition towards a low-carbon economy, as defined by the Paris Climate Agreement, is projected to result in a 1.1% growth in GDP, and a 0.5% growth in employment, in the EU between now and 2030. This is compared to a ‘business as usual’ baseline forecast. Globally, China is also projected to benefit from a low-carbon transition, but the United States would experience a 3.4% drop in GDP, and a 1.6% decline in employment.”