The European Commission is expected to present a revised long-term EU budget for the period 2021- 2027 to address the economic shock caused by COVID-19. In a moment when the EU faces a recession of historic proportions, the next EU budget and investments to be made in the next 7 years become crucial to tackle both the climate and economic crises. The new briefing published by Climate Action Network (CAN) Europe underlines the importance of aligning Europe’s long term strategies to fight the climate crisis with the proposed financial measures.
Wendel Trio, Director of Climate Action Network (CAN) Europe said: “ The COVID19 crisis was a clear wake up call for humanity to make our societies and the economy more resilient in the longer term.
To avoid devastating consequences of climate change in the longer run, we need to develop Paris compatible long term strategies and an economic framework to support their implementation. Ambitious EU and national Long Term Strategies can provide a long term objective and financial certainty for investors to take long-term investment decisions. It is crucial for the EU to urgently increase its 2030 climate target to at least 65% emissions reductions with an objective to reach climate neutrality by 2040. Only with an ambitious climate target and a strong financial framework, we can avoid worsening the climate crisis. ”
The briefing assesses the EU’s long term strategy document that is submitted to the UNFCCC in the beginning of March and points out what is missing to ensure a just and climate neutral recovery after the COVID 19 crisis. In addition, it looks into the coherence between the EU’s and Member States’ national long term strategies as well as the level f ambition in the national strategies and how this ambition can be increased with sustainable stimulus packages.
ENDS
Contact:
Goksen Sahin, Communications Coordinator, goksen@caneurope.org, +32 468 45 39 20
The briefing “Paris Agreement aligned long term strategies are the best guide for economic recovery” can be downloaded here: https://caneurope.org/docman/energy-union-governance/3608-eu-and-national-long-term-strategies/file
Climate Action Network (CAN) Europe is Europe’s leading NGO coalition fighting dangerous climate change. With over 170 member organisations active in 38 European countries, representing over 1.500 NGOs and more than 47million citizens, CAN Europe promotes sustainable climate, energy and development policies throughout Europe.
