Opening words by the EC DG Climate Artur Runge-Metzger

Opening words by the EC DG Climate Artur Runge-Metzger

• 1.
  Striving for Recoveryand Resilience Climate Action under the European Green Deal Artur Runge-Metzger, European Commission
• 2.
  MtCO2eq MtCO2eq Non-CO2 other Non-CO2 Agriculture Residential Tertiary Transport Industry Power CarbonRemoval Technologies LULUCF Net emissions Different zero GHG pathways lead to different levels of remaining emissions and absorption of GHG emissions Climate neutral EU = net zero of all greenhouse gas emissions by 2050
• 3.
  The European GreenDeal: An economy-wide transition The European Green Deal Mobilising industry for a clean and circular economy Preserving and restoring ecosystems and biodiversity From ‘Farm to Fork’: a fair, healthy and environmentally friendly food system Building and renovating in an energy and resource efficient way Accelerating the shift to sustainable and smart mobility Increasing the EU’s Climate ambition for 2030 and 2050 Supplying clean, affordable and secure energy A zero pollution ambition for a toxic-free environment A European Climate Pact The EU as a global leader Transforming the EU’s economy for a sustainable future And leaving no one behind Designing a set of deeply transformative policies
• 4.
  The European GreenDeal: The new growth strategy Caveat: This estimate does not take into account differences in climate change damages, nor adaptation costs between baseline and 1.5° C. Development of GDP and greenhouse gas emissions, 1990 - 2050 • Modernising the EU's economy will stimulate significant additional investment: 1. Energy efficiency 2. Deployments of renewables 3. Clean, safe & connected mobility 4. Competitive industry and circular economy 5. Infrastructure and inter-connections 6. Bio-economy and natural carbon sinks 7. Tackle remaining emissions with carbon capture and storage • From 2% of EU GDP invested in the energy system today to 2.8% to achieve a net-zero greenhouse gas emissions economy • Positive for growth and jobs, with GDP impact up to +2% • Co-benefits: energy imports down, public health, etc.
• 5.
  The European GreenDeal: A just transition • Overall economic impacts of the deep transformation are positive. • The transition will spur growth in new sectors. 'Green jobs' already represent 4 million jobs in the EU. • But some sectors will face challenges (e.g. coal mining and fuel extraction) and others will transform (e.g. energy- intensive industries and automotive sector). • This will affect some regions more than others. • Modernisation process has to be managed, so that no-one will be left behind. • EU budget, just transition mechanism, employment, cohesion and agricultural policies have a role to play. • New skills: Education, training and life-long learning are key
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  The European GreenDeal: Economy and society must adapt • Global warming already reached more than 1C • 18 of the warmest years in the last 2 decades • Extreme heat waves in the EU for 4 of the last 5 years • Real impact on EU economy & environment • IPCC warns about global eco-systems in danger already at 2C • Climate change undermines security and prosperity in the broadest sense
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  Recovery & ResilienceFacility - € 672.5 bn (€ 312.5 bn grants / € 360 bn loans) InvestEU – € 5.6 bn (guarantees) Recovering from the Covid-19 crisis: Next Generation EU - € 750 bn REACT-EU - € 47.5 bn (mainly grants) Just Transition Fund - € 10 bn (mainly grants) I. Support to Member States (98.6 %) II. Others (1.4 %) Horizon Europe - € 5 bn (mainly grants) Rural development - € 7.5 bn (mainly grants) RescEU - € 1.9 bn (mainly grants)
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  Thank you © EuropeanUnion 2020 Unless otherwise noted the reuse of this presentation is authorised under the CC BY 4.0 license. For any use or reproduction of elements that are not owned by the EU, permission may need to be sought directly from the respective right holders. Slide xx: element concerned, source: e.g. Fotolia.com; Slide xx: element concerned, source: e.g. iStock.com