Past Event

A new climate strategy for the EU

At a pivotal point in time, three major EU sides come together to discuss the future climate strategy.

Date: March 19, 2019, 10:00 am Topic: Energy & Climate

video & audio recordings

summary

This event featured a panel discussion on the recent European Commission communication for a new, long-term climate strategy for the EU entitled “A Clean Planet for All: A European Strategic Long-Term Vision for a Prosperous, Modern, Competitive and Climate Neutral Economy.”
The communication, issued in November 2018, was presented by Raffaele Mauro Petriccione, Director General in the European Commission’s Department for Climate Action (DG CLIMA). Petriccione highlights how past proposals, such as the 2011 Roadmap, have relied heavily on strategies that keep existing systems in place, such as carbon capture storage. This new communication seeks to change this by proposing more radical changes to the economic system through a 2050 carbon neutrality target. The communication reveals that this target is both feasible and can be achieved in way that keeps Europe globally competitive. However, in order for these goals to be realized, the EU must find a way to redirect private investment towards carbon neutrality and make these investments attractive.
Despite the actions that the EU has taken towards fulfilling its obligations in the Paris Agreement, more must be done in order to permanently alter market structures. The 2050 target would provide a concrete and legitimate incentive and motivator towards moving industries and investors towards climate neutrality.
Silke Karcher highlighted a recent study by the German EPA that revealed that this target was attainable given existing technologies. However, the window for action is closing and Europe must deploy its resources quickly and effectively in order to reach the 2050 target.
Georg Zachmann commented that this communication provides neither policies nor pathways towards achieving the 2050 target. Before discussing these action steps, the EU must have a pan-European debate to build consensus and support endorsing the Commission’s objective. This debate should also include a discussion of economic trade-offs informed by data and analysis.
The panelists also discussed the broader international implications of the 2050 target. Namely, if Europe were able to achieve carbon neutrality while remaining prosperous and globally competitive, would other countries follow its lead? Kathleen Van Brempt commented on an additional opportunity to use trade agreements to ensure that other countries are making actions towards fulfilling their obligations under the Paris Agreement.
Although Europe has already made significant strides towards addressing climate change, the panelists agreed that these steps were not enough. Carbon neutrality by 2050 is an attainable goal but only if actions are taken soon. However in order for these goals to be realized, the first step will be to build public support and consensus that endorses the importance of a carbon neutral future.

Notes by Rachel Campbell-Baier

Schedule

Mar 19, 2019

10:00-10:15

Check-in and welcome coffee

10:15-10:25

Introductory remarks

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

10:25-10:45

Introduction to EC communication: A Clean Planet for All

Raffaele Mauro Petriccione, Director General, European Commission, DG CLIMA

10:45-11:45

Commentary and discussion

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

Silke Karcher, Head of Division, EU Climate and Energy Policy, European Climate Initiative (EUKI), Carbon Markets, Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, Germany

Raffaele Mauro Petriccione, Director General, European Commission, DG CLIMA

Kathleen Van Brempt, Member, Group of the Progressive Alliance of Socialists and Democrats, European Parliament

Georg Zachmann, Senior Fellow

11:45-12:00

Q&A

12:00-12:30

Lunch

12:30

End

Speakers

Silke Karcher

Head of Division, EU Climate and Energy Policy, European Climate Initiative (EUKI), Carbon Markets, Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, Germany

Andrei Marcu

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

Raffaele Mauro Petriccione

Director General, European Commission, DG CLIMA

Kathleen Van Brempt

Member, Group of the Progressive Alliance of Socialists and Democrats, European Parliament

Georg Zachmann

Senior Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

Read article More by this author
 

Opinion

Why China should fear the EU's carbon border tax

Expect Beijing to soon start lobbying against the proposal.

By: Alicia García-Herrero Topic: Energy & Climate, Global Economics & Governance Date: July 26, 2021
Read about event
 

Upcoming Event

Sep
3
10:15

Sustainable finance

Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability.

Speakers: Maria Demertzis, Alberto De Paoli, Pierre Heilbronn and Alexandra Jour-Schroeder Topic: Energy & Climate, Finance & Financial Regulation Location: Palais des Académies, Rue Ducale 1, Brussels
Read article More on this topic More by this author
 

External Publication

A Safety Net for the Green Economy

How to protect workers hurt by the fight against climate change.

By: Simone Tagliapietra Topic: Energy & Climate Date: July 20, 2021
Read article More by this author
 

Blog Post

The European Union’s carbon border mechanism and the WTO

To avoid any backlash, the European Union should work with other World Trade Organisation members to define basic principles of carbon border adjustment mechanisms.

By: André Sapir Topic: Energy & Climate, Global Economics & Governance Date: July 19, 2021
Read article More on this topic
 

Blog Post

Making sure green household investment pays off

Policies are needed to support green fuel switching by households; support should be phased out as the carbon price rises.

By: Ben McWilliams and Georg Zachmann Topic: Energy & Climate Date: July 19, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

A fitting plan for the European Green Deal?

How does the world's first roadmap for meeting climate goals stack up?

By: The Sound of Economics Topic: Energy & Climate Date: July 15, 2021
Read article Download PDF
 

External Publication

Building the Road to Greener Pastures

How the G20 can support the recovery with sustainable local infrastructure investment.

By: Mia Hoffmann, Ben McWilliams and Niclas Poitiers Topic: Global Economics & Governance, Testimonies Date: July 15, 2021
Read article More on this topic More by this author
 

Opinion

‘Fit-for-55’ package: Squaring the circle

The European Union finds itself at the centre of a three-dimensional puzzle. Burdens need to be shared between 450 million citizens, 25 million businesses and EU countries in a way that is acceptable to enough of them.

By: Georg Zachmann Topic: Energy & Climate Date: July 15, 2021
Read article More by this author
 

Blog Post

Fit for 55 marks Europe’s climate moment of truth

With Fit for 55, Europe is the global first mover in turning a long-term net-zero goal into real-world policies, marking the entry of climate policy into the daily life of all citizens and businesses.

By: Simone Tagliapietra Topic: Energy & Climate, European Macroeconomics & Governance Date: July 14, 2021
Read article More on this topic More by this author
 

Blog Post

The EU green bond standard: sensible implementation could define a new asset class

The proposed EU green bond standard will be less prone to ‘greenwashing’, and the widest possible set of issuers and jurisdictions should be encouraged to use the standard.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: July 13, 2021
Read article More on this topic
 

Blog Post

A breakdown of EU countries’ post-pandemic green spending plans

An analysis of European Union countries’ recovery plans shows widely differing green spending priorities.

By: Klaas Lenaerts and Simone Tagliapietra Topic: European Macroeconomics & Governance Date: July 8, 2021
Read article Download PDF More on this topic More by this author
 

Policy Contribution

The risks from climate change to sovereign debt in Europe

European Union institutions and national fiscal authorities should incorporate climate risk in debt sustainability analysis.

By: Stavros Zenios Topic: Energy & Climate Date: July 8, 2021
Load more posts