Yesterday's European Council outcomes made welcome progress in linking Europe’s competitiveness and climate goals, now the upcoming ENVI Council now has a crucial job to agree a robust 90% 2040 target and a top-of-the-range 2035 NDC. Businesses across Europe are ready to invest, but they need policy certainty to drive the clean energy transition and Europe's future prosperity. #EU2040 #CleanIndustrialDeal #FutureReadyIndustry #NetZeroEurope Corporate Leaders Groups
🌍 EU leaders have taken an important step toward aligning Europe’s competitiveness agenda with its long-term climate objectives. After months of complex discussions, EU countries have found an agreement to move forward on a robust 2040 climate target, showing that competitiveness and decarbonisation go hand in hand. This sends a strong signal of confidence to investors and businesses across the continent. 💬 As Ursula Woodburn said: “EU leaders have shown that Europe can boost competitiveness while staying on track for climate neutrality, sending positive investment signals based on the 2040 emissions target and the right enabling conditions. As Environment Ministers prepare to agree their final approach on 2040, it is critical to limit flexibilities and maintain an effective implementation framework. Businesses are now ready to deliver, including by creating lead markets for carbon-neutral materials and investing in clean energy, energy efficiency and circular economy solutions.” 🌿 The green transition is now recognised as a driver, not a drag, on competitiveness. Ahead of EU Environment Ministers confirming the approach to the 2040 target at their meeting on 4 November, it is vital to maintain this momentum and ensure that any flexibilities – such as the use of carbon removals or credits – do not dilute the target’s integrity. 💼 Businesses are ready to deliver. They now need a stable and credible policy framework to do so. Carsten Schneider, Monique Barbut, Sara Aagesen Muñoz, Diana Anda Buzoianu, Ursula von der Leyen, Wopke Hoekstra, Teresa Ribera #BusinessLeadership #EnergySecurity #2040Target #ClimateAction #CompetitiveSustainability