Commission lends proceeds to EU countries under the Recovery and Resilience Facility to finance their reform and resilience plans in line with the objectives identified in the European Semester, including the Green and Digital transformation, the Member States’ national energy and climate plans, as well as with the Just Transition plans. The Commission is proposing to create a new recovery instrument, Next Generation EU (€750 billion), and has also unveiled its adjusted Work Programme for 2020. These cookies do not store any personal information. LinkedIn . © COPYRIGHT 2020 NEW EUROPE | ALL RIGHTS RESERVED. This website uses cookies to improve your experience while you navigate through the website. Mr. Timmermans said the timetable for the EU Climate Law is unchanged, with a revised reduction target proposal for 2030 foreseen for September, while the EU biodiversity strategy and the farm-to-fork strategy remain important priorities, but would have to be delayed “a few weeks, but not months”. In a debate with Frans Timmermans, the Environment Committee says the EU must remain firm on climate change and the timetable foreseen for the Climate Law. The European Commission is busy putting together a plan to help the EU economy recover from the… The proposal suggests “insufficient climate targets”, Greenpeace climate policy adviser Sebastian Mang said. You also have the option to opt-out of these cookies. We also use third-party cookies that help us analyze and understand how you use this website. The Commission’s Green Deal climate policies are “the EU’s new growth strategy”, Germany and France said, echoing EU leaders’ promises to use climate goals to guide the recovery. Press Releases . On 28 November 2019, the European Parliament declared a climate emergency in Europe and globally. EU recovery plan focuses on Green Deal initiatives. We use cookies to tailor your experience, measure site performance and present relevant offers and advertisements. 21-04-2020 - 17:27 . Whatsapp . MEPs also asked for all relevant EU legislative and budgetary proposals to be fully aligned with the objective of limiting global warming to under 1.5 °C. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. “I welcome that the Green Deal is at the heart of this investment strategy,” French EU lawmaker Pascal Canfin said, referring to the European Commission’s climate policy. Our Standards: The Thomson Reuters Trust Principles. This was followed up with a proposal for an EU Climate Law on 4 March 2020 to ensure a climate-neutral European Union by 2050. Last week, in its resolution on EU coordinated action to combat the COVID-19 pandemic and its consequences, Parliament called on the Commission to propose a recovery and reconstruction package that “should have at its core the Green Deal and the digital transformation in order to kick start the economy.”. Reporting by Kate Abnett; Editing by Gareth Jones and Alex Richardson. The European Commission’s promised green recovery plan will focus on building renovation, renewables and hydrogen as well as clean mobility and the circular economy, according to a leaked working document obtained by EURACTIV. The Climate Law has to be approved by the European Parliament and the Council of Ministers through the ordinary legislative procedure. The Commission’s proposal for a €750 billion economic stimulus plan alongside a revised proposal for the EU's 2021-2027 budget follows calls by the Parliament for a massive recovery and reconstruction package with the green deal at its core to stimulate the economy and fight climate change. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Direct access to language menu (press "Enter"), Direct access to search menu (press "Enter"), EU COVID-19 recovery plan must be green and ambitious, say MEPs, Green deal must take centre stage of EU recovery efforts, Commission proposals on biodiversity and farm-to-fork to be delayed only a few weeks, Parliament press release: COVID-19: MEPs call for massive recovery package and Coronavirus Solidarity Fund (17.04.2020), Press release: The European Parliament declares climate emergency (29.11.2019), Press release: Parliament supports European Green Deal and pushes for even higher ambitions (15.01.2020), Commission proposal for a regulation: European Climate Law, Free photos, video and audio material related to the European Green Deal. The Commission has proposed a legally-binding EU target to reach “climate neutrality” by 2050 – which means offsetting all greenhouse gas emissions with measures such as carbon capture or planting trees. See here for a complete list of exchanges and delays. This fell short for some campaigners, who say the options being considered for a new 2030 EU emissions reduction target would fail to curb catastrophic climate change. The EU aims to be climate neutral in 2050. But opting out of some of these cookies may have an effect on your browsing experience. All quotes delayed a minimum of 15 minutes. EU COVID-19 recovery plan must be green and ambitious, say MEPs . The Commission’s Green Deal climate policies are “the EU’s new growth strategy”, Germany and France said, echoing EU leaders’ promises to use climate goals to guide the recovery. Necessary cookies are absolutely essential for the website to function properly. EU Climate Law to move ahead as planned . 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Poland is the only nation that has not committed to the target.

The European Commission presented on May 27 a revamped long-term EU budget and a €1.85 trillion recovery plan, noting that it provides the instruments to build a modern, clean and healthy economy, which secures the livelihoods of the next generation. The European Green Deal provides an action plan to. Every sector should be given a “green recovery roadmap” that could include climate targets, while EU state aid rules should be reviewed to support climate goals, they said. The EU recovery plan focuses on EU Green Deal initiatives, including “the renovation wave”, renewable and decarbonised gases as well as clean and sustainable mobility and the circular economy. On Tuesday, Parliament’s Committee on Environment, Public Health and Food Safety had an exchange of views with Frans Timmermans, Executive Vice-President of the Commission, on the European Green Deal and on the European Climate Law. This category only includes cookies that ensures basic functionalities and security features of the website. Twitter . These cookies will be stored in your browser only with your consent. By clicking on 'Allow' or any content on this site, you agree that cookies can be placed.

While all MEPs agreed that solving the health crisis is the immediate priority, many MEPs underlined the need to keep the timetable on important parts of the European Green Deal. It explains how to ensure a just and inclusive transition. Share this page: Facebook . ENVI . However, investors are beginning to consider how elements of the recovery plan's green agenda may influence the broader investment landscape, and what impact it may have on global asset valuations.

“The European Green Deal is Europe’s growth strategy. boost the efficient use of resources by moving to a clean, circular economy; restore biodiversity and cut pollution; The plan outlines investments needed and financing tools available.