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The EU’s vision for a modern, clean economy

This event is part of a joint project by Bruegel and European Roundtable on Climate Change and Sustainable Transition (ERCST/ICTSD): “Developing the E

Speakers

Andrei Marcu

Founder & Executive Director, European Roundtable on Climate Change and Sustainable Transition (ERCST),

Sami Andoura

Team Leader, Sustainable Development, EPSC, European Commission,

In March 2018, the European Council invited the Commission to present by the first quarter of 2019 “a proposal for a Strategy for long-term EU greenhouse gas emissions reduction in accordance with the Paris Agreement, taking into account the national plans”. This new climate strategy of the EU will arguably underpin the EU’s submission to the UNFCCC and justify future EU and national climate policies.

During the past year, Bruegel and the European Roundtable on Climate Change and Sustainable Transition (ERCST/ICTSD) developed in a joint project, a “roadmap” for the development and delivery of the EU’s new long-term decarbonization strategy. This project had two deliverables: a technical document, describing a wide array of potential choices and a policy document, presenting a number of inherently consistent sets of choices that may serve as basis to build the new climate strategy.

From the outset, the project “Developing the EU Long-Term Climate Strategy” was meant to spark debate and to engage stakeholders. This meeting aims to provide a platform for European think tanks to inject their ideas into the early stage of the preparation of the new Long-Term Climate Strategy. It will also provide the opportunity to debate with representatives from the EU institutions the vectors of a new EU climate policy: regulatory tools, innovation, finance and investments, social and local action, and global leadership.

The discussion around the EU Long Term Climate Strategy will be a difficult one. The strategy will need to ensure decarbonisation, but done in a way which benefits Europe and the European economy. This requires a holistic approach, based on a smart combination of policy vectors.