The EU’s Commitment to Going Green
Clear Actions to Address a Clear Global Threat
There is a triple planetary crisis of climate change, biodiversity loss, and pollution facing us. To tackle this, the EU is establishing clear targets for action to ensure a just and inclusive green transition by 2030 — from meeting over 42% of our energy needs from renewable power to investing over $300 billion in sustainable international infrastructure through the Global Gateway.
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A Clean Industrial Deal
Investing in sustainability is investing in good business. Through ensuring simplified regulations, faster access to funding, skills trainings, and a support for open trade, the EU’s plan for clean tech supports a circular economy that creates more jobs on both sides of the Atlantic.
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Preserving Biodiversity
Along with boosting the economy, investing in sustainable initiatives means saving the places we love. By scaling up climate and biodiversity finance, supporting anti-deforestation measures, investing in renewable energy, and establishing a larger network of protected natural areas, the EU is working to make our planet cleaner — and keep it greener.
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The Latest
The European Commission and EU countries took the lead in brokering a deal to align global financial flows with the objectives of the Paris Agreement. With a New Collective Quantified Goal (NCGQ) for Climate Finance, the EU broadened the global contributor base for financing climate projects. It will reach at least $1.3 trillion per year by 2035, by combining public and private investment and giving a strengthened role to multilateral development banks.
COP29: Joint Press Release on 1.5°C-Aligned Ambition in NDCs Toward Net Zero
EU secures agreement on carbon market rules and new climate finance goal, with broader contributor base to drive clean investments, increase resilience and prepare the ground for further emission reductions
At September’s Global Renewables Summit, President von der Leyen spoke about the EU’s efforts to deliver on the UAE consensus of last year, by tripling renewable energy and doubling energy efficiency by 2030, to limit global warming to 1.5°C.