At the very outset of its mandate, the new European Commission presented the European Green Deal, establishing the objective of becoming the first climate-neutral bloc in the world by 2050. The initiative emphasises the seriousness which the European Commission places on the climate and biodiversity challenges Europe faces in the coming decades and proposes an unprecedented mobilisation of resources to finance a transition to a sustainable economy.
The European Economic and Social Committee (EESC) throws its support behind the 2020 Commission work programme, underlining that civil society can make a valuable contribution to placing sustainable development at the core of people’s personal and shared responsibility.
On 11 of March 2020, a public conference will gather financiers and industry representatives to discuss how public and private investors can join forces with the Innovation Fund to deliver the investments needed to scale up innovative, low-carbon technologies.
The following day, strategy and financial engineering experts selected by the members of the Innovation Fund Expert Group (IFEG) will meet to discuss the project maturity, innovation and scalability selection criteria, due diligence, project development assistance and knowledge sharing under the Innovation Fund.
Calculating the actual cost of renovating 97% of the existing building stock in the EU is no easy task. Various methodologies have been applied, each being met with both applause and critiques. Generally, a realistic number seems to be in excess of €300bn per year for the next 30 years. To drive that number home, it’s helpful to think of this way: ~€1 bn per day, every day until 2050.
Today, the Commission unveils its ideas and actions for a digital transformation that works for all, reflecting the best of Europe: open, fair, diverse, democratic and confident. It presents a European society powered by digital solutions that put people first, opens up new opportunities for businesses, and boosts the development of trustworthy technology to foster an open and democratic society and a vibrant and sustainable economy. Digital is a key enabler to fighting climate change and achieving the green transition. The European data strategy and the policy options to ensure the human-centric development of Artificial Intelligence (AI) presented today are the first steps towards achieving these goals.
Border Carbon Adjustment (BCA) is justifiably one of top priorities of the European Commission. With a ten-year deadline to drastically lower the GHG emissions, the Commission is planning to test the new measures already later this year, potentially starting with the industries producing steel, cement, and aluminum.
The Global Covenant of Mayors for Climate & Energy (GCoM) – along with Bloomberg Associates (BA) and the World Resources Institute (WRI) – is launching the City Climate Action, Insights, and Tools Survey as part of a Tools Task Force to learn more about why and how your city uses tool(s) in the climate action planning process – and the data your local government needs to succeed.
Includes a Q&A on LIFE Integrated Projects.