Updated: Speeches by Commissioners Ferreira, Hahn and Gentiloni have been made available.
Brussels, 14 January 2020
In line with the European Green Deal and the EU’s objective to become the first climate neutral economy by 2050, the Commission has launched today a public consultation inviting all interested parties on revised EU Emission Trading System State aid Guidelines in the context of the system for greenhouse gas emission allowance trading post-2021 (the “ETS Guidelines”).
Includes a proposal for a regulation establishing the Just Transition Fund (with 3 annexes), a Communication from the Commission on the Sustainable Europe Investment Plan and the European Green Deal Investment Plan,
The European Union is committed to becoming the first climate-neutral bloc in the world by 2050. This requires significant investment from both the EU and the national public sector, as well as the private sector. The European Green Deal’s Investment Plan – the Sustainable Europe Investment Plan – presented today will mobilise public investment and help to unlock private funds through EU financial instruments, notably InvestEU, which would lead to at least €1 trillion of investments.
The European Committee of the Regions (CoR) has set out its demands for the European Green Deal, which it believes must be met to reach climate neutrality by 2050. From energy to mobility, agriculture, biodiversity, digitalisation and the circular economy, the Committee argues that the Green Deal needs a clear action plan with measurable objectives, targeted actions, and appropriate funding, prepared together with local and regional authorities – if Europe is to respond to the climate emergency.
The European Commission has approved under EU State aid rules an Important Project of Common European interest (“IPCEI”) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries.