Economies across Europe are moving towards carbon neutrality. To avoid catastrophic climate change, and the very real damage it will do to our economies and social well-being, this shift must accelerate.
A global economic transformation, both in the micro-economy of individual sectors, as well as the macro level will be necessary to protect our economies and societies from the worst impacts of climate change. With the 50th annual meeting of the World Economic Forum coming up in Davos later this month, this newsletter is the first in a two-part series. Next week we will be looking at the macro-economic changes needed to reinforce climate action. This week we will focus on the work that our colleagues have been doing on what this means for action in specific sectors.
While the European Commission puts their Just Transition Fund for supporting regions and sectors most affected by emissions reductions forward, Pieter de Pous and Rebekka Popp set out what the fund needs to do to help deliver the EU’s 2050 climate neutrality goal. Lisa Fischer and Simon Skillings map out how we can break the logjam stopping the last push towards a net zero energy system in Europe. Joseph Dutton and Léa Pilsner examine how we can use EU innovation missions and funding to drive faster change. And to close, as a reminder that action must also engage with the public, Simon Skillings explores the use of local energy action to drive change.
As we move further into 2020 we will come back to these themes, looking at issues such as how we harness mega trends like digitisation and work with trade and competition policy to truly embed climate neutrality in economic activity.
Thanks for reading,
Programme Leader, Clean Economy