European Green Deal
Event date: 14/01/2021
Climate change and environmental degradation are an existential threat to Europe and the world. Therefore on 11 December 2019, the Commission presented a communication on the European Green Deal that sets out a detailed vision to make Europe the first climate-neutral continent by 2050, safeguard biodiversity, establish a circular economy and eliminate pollution, while boosting the competitiveness of European industry and ensuring a just transition for the regions and workers affected.
In the September 2020 State of the Union address, Ursula VON DER LEYEN, President of the EC, announced the new 55 % EU emission reduction target for 2030, a revision of the EU's climate and energy legislation by June 2021, a target of spending 37 % of the €750 billion NextGenerationEU recovery fund on Green Deal objectives, and the intention to raise 30 % of the NextGenerationEU budget through green bonds.