The European Commission presented the European Green Deal on Wednesday (11 December), outlining the main policy initiatives for reaching net-zero global warming emissions by 2050. Hydrogen will be a key instrument for meeting the Green Deal objectives, as outlined in the paragraphs below.
The 2020 monetisation of the first batch of 50 million allowances for the Innovation Fund was planned to start on 7 January 2020 but will be slightly delayed. The auctions of Member States’ allowances will take place as scheduled. This slight postponement of the monetisation will not delay the launch of the Innovation Fund.
Yesterday, the Energy Community Parliamentary Plenum met in Chisinau under the chairmanship of Vladimir Golovatiuc, Chair of the Committee for Economy, Budget and Finance of the Parliament of Moldova. Members of Parliament discussed the draft Report on the Future of Energy Efficiency in the Energy Community, drafted by Mr Aleksandar Damjanovic, Member of the Parliament of Montenegro.
The European Commission released its communication and timeline for the European Green Deal. Upgrading energy and climate targets along with new strategies and legislation for climate adaptation, air quality and biodiversity protection are amongst the measures ahead. While COP25 negotiations block on international carbon market rules, the EU’s assembly of local and regional representatives calls on the Parties of the Paris agreement to foster cooperation with cities and regional governments as the only way to deliver effective climate action and reverse global warming.
The EU bank will provide EUR 66m to Natixis to co-finance the construction of two complexes with a total capacity of 436 MW. The two new renewable energy projects will help create up to 700 jobs during the implementation phase. The solar power plants will be in the provinces of Seville, Cáceres, Valladolid, Salamanca and Huesca.
Today, EU Member States have failed to pass a deal on sustainable finance (‘Taxonomy’), which will create an EU classification framework for identifying which economic activities are sustainable. The same day the Commission came forward with the “European Green Deal”, Member States have not passed the Taxonomy deal agreed last Thursday. Member States will have another opportunity to revisit the deal on Monday.
Brussels, 11 December 2019 – The European aluminium industry is ready to support the European Green Deal announced by the European Commission earlier today. With a bold industrial strategy in place, the industry can cut
With the announcement of the European Green Deal expected today, FoodDrinkEurope is stepping forward with the contributions and commitments of the European food and drink industry to create more sustainable food systems. Therefore, FoodDrinkEurope has today published an orientation paper on The path of the food and drink industry towards Sustainable Food Systems.