https://globalclimateforum.org/wp-content/uploads/2017/07/GCF_Logo_line-1-300x73.png 0 0 Konstantin Winter https://globalclimateforum.org/wp-content/uploads/2017/07/GCF_Logo_line-1-300x73.png Konstantin Winter2021-02-04 16:24:382021-02-08 14:15:12New working paper: The European Green Deal, More than climate neutrality
The European Green Deal aims at climate neutrality of Europe by 2050, implying a significant acceleration of emission reductions. To gain the necessary support, at the same time it needs to reduce regional and social inequalities in Europe. We propose objectives in terms of jobs, growth, and price stability to complement the emission reduction targets and present a proof-of-concept investment profile for reaching these. Substantial additional public investments, of about 1.8% of last year’s GDP annually, are proposed for the next decade. Their allocation includes retrofitting the European building stock, consciously fostering a renewal of the European innovation system, and complementary measures such as education and health. The scenario thus outlined is meant as an input to the urgently needed discussion about how the European Green Deal can shift the EU economy to a new development path that realizes a carbon neutral Europe by 2050 while strengthening European cohesion much earlier.
This paper presents a new and substantially updated version of the previous GCF Working Paper no 1/2020.
Access the paper HERE or through the link in the title.