The EU’s budget for 2020 should include more climate action funding and higher investment in sustainable technologies, according to Monika Hohlmeier, Parliament’s budget negotiator.
A summary of the hearing is now available.
Speech by Marianne Thyssen, 27 September 2019
The summary of the presentation of the report is now available.
Member States are required, under the new regulation on the governance of the energy union and climate action (part of the Clean energy for all Europeans package), which entered into force on 24 December 2018, to establish a 10-year national energy and climate plan (NECP) for the period from 2021 to 2030. In July 2019, the Commission published its assessment of these plans.
The Forum will address how the shift to a circular and low-carbon economy, which is required to meet the Sustainable Development Goals (among others) on Responsible Consumption and Production (SDG 12) and on Climate Action (SDG 13), might impact on future demand and business models of extractive and heavy industries, such as oil & gas, mining, steel and cement, and its innovation and fiscal implications.
To achieve the 2030 targets agreed in the Paris Agreement on climate change, including greenhouse gas emission reduction, the EU alone has to fill an investment gap estimated at EUR 180 billion a year.
During the 74th session of the UN General Assembly, the European Investment Bank (EIB) President Werner Hoyer has presented the strengthened ambition for climate action of the EU Bank. Speaking in New York City on the margins of the UN Climate Action summit, at an event organised by Project Syndicate and Barron’s, EIB President Werner Hoyer said: “The EIB has been at the forefront of the fight against the climate emergency, in line with the EU’s leading role. Our experience gives us the confidence that we can do even more. We know we can set ourselves increasingly ambitious goals and deliver on them.”
A summary of the policy debate on National Energy and Climate Plans is available.
The Clean Energy Ministerial Carbon Capture, Utilization and Storage Initiative countries and members of the Oil and Gas Climate Initiative (OGCI) today reaffirm their intent to catalyse and facilitate the launch of an economically viable, environmentally responsible and safe CCUS industry worldwide.