[POSTPONED] EU climate strategy after Sibiu - what next?
[This event has been postponed for September - exact date to be communicated soon]
The EU is committed to the transformation towards a low-carbon economy as detailed in the 2050 long-term strategy. Climate change risks require urgent action and the ultimate challenge is to carry out the required transition towards a greener future at affordable cost for EU citizens and in line with EU energy security perspectives.
The purpose of this long-term strategy is not to set targets, but to create a vision and sense of direction, plan for it, and inspire as well as enable stakeholders, researchers, entrepreneurs and citizens alike to develop new and innovative industries, businesses and associated jobs. It also seeks to ensure that this transition is socially fair and enhances the competitiveness of the EU economy and industry on global markets, securing high quality jobs and sustainable growth in Europe, whilst also helping address environmental challenges, such as air quality or biodiversity loss.
But the cost to achieve the objective cannot be underestimated. The European Commission estimates that in order to reach the EU's 2030 energy and climate targets, about €379 billion of investment will be needed every year between 2020 and 2030, mostly in energy efficiency, renewable energy sources, and infrastructure.
EU leaders will debate whether to adopt a net-zero objective for 2050 at the upcoming Future of Europe summit in Sibiu, Romania on 9 May, when they will also discuss an increase of the bloc’s current 2030 emissions reduction target. Policymakers will then have the task of implementing the vision decided in Sibiu. And as the European elections begin, 468 candidates from across Europe have publicly committed to taking urgent action on climate change if elected.
EURACTIV invites you to this high-level Forum to discuss how policymakers can work together to make Europe's climate vision for the future a reality. Whether investing into realistic technological solutions, empowering citizens, aligning action in key areas such as industrial policy, finance, or research (whilst ensuring social fairness for a just transition), it is one of the most complex policy puzzles facing the EU institutions, national parliaments, the business sector, NGOs, cities and communities, as well as citizens and the youth of Europe.