As it is well known, the average global temperatures have risen dramatically. The main cause of this anomaly resides in the increase of greenhouse gas emissions. In this regard, the European Commision has decided to adopt the European Green Deal, an ambitious and complex strategic plan that aims to counter the effects caused by climate change. The goal is to achieve zero emissions by 2050.
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The advantages of the European Green Deal
The European Green Deal aims to improve the well-being of citizens and future generations. The main purposes are:
- clean air and water, healthy soil and biodiversity;
- renovation of buildings on energy efficiency;
- healthy food at affordable prices;
- more public means of transport;
- cleaner energy and technological innovation;
- durable products that can be repaired and recycled;
- suitable jobs for future generations;
- a resilient and globally competitive industry.
What the European Green Deal actually provides
The European Green Deal is made up of a series of concrete actions aimed at promoting resource efficiency and a circular economy. Among the actions:
- reduce greenhouse gas emissions to zero by 2050 and by 55% within 2030, as also stipulated in the European Climate Pact;
- investing in environmentally friendly technologies;
- introducing greener forms of private and public transport;
- decarbonise the energy sector;
- working with international partners to improve global environmental standards.
How the project will be funded
The European Commission has already presented the investment plan for the development of the project in order to obtain 1 trillion euros of funds, both public and private, within the next 10 years.
The EU will also provide useful tools for investors, making facilitated finance a pillar of the financial system.
On 14 January 2020, the investment plan and the Just Transition Mechanism were introduced: the measures include financial support from the EU and technical assistance to help the countries and actors most affected by the transition to the green economy.
Where does Italy stand concerning the circular economy?
Italy seems to be on the right track, as greenhouse gas emissions have decreased by 17 % in the last 10 years. Of course, it has worked to reduce its impact on the climate, but up to 2050 it will have to do even more. With this regard, the Minister of Economic Development (MISE) in agreement with the Minister of Economy and Finance (MEF) established by decree of 1 December 2021 the “Italian Green New Deal”. This is an action carried out as part of the Sustainable Growth Fund (SFC) which, concurrently with the European Green Deal, aims to achieve concrete and measurable goals. If you would like more information about the benefits provided, you can consult the JO Consulting team.
Become e-Medine partner for a more sustainable future
In order to realise the project, it requires the cooperation of all Member States who, in the coming years, will have to work in synergy with the European institutions to redesign a more sustainable future.
If you are interested in issues related to the environment and European identity, continue reading our JOurnal. If, instead, you are looking for a partner for European projects, you can contact us by filling in the contact form below.
