European Green Deal: Towards the 2030 reference architecture
On 11th December 2020, the European Council endorsed a binding EU target of a net domestic greenhouse gas reduction of at least 55 % by 2030 compared to 1990. EU leaders aim at raising their climate ambition in a manner that should spur sustainable economic growth, create jobs, deliver health and environmental benefits for EU citizens and contribute to the long-term global competitiveness of the EU economy by promoting green innovation. As Europe´s Climate Law is subject to final negotiations, the European Commission prepares for the translation of these new political ambitions into motion. Comprehensive legislative implementation packages have been announced in the Commission Work Programme for 2021 to simultaneously manage Europe´s climate and digitalisation flagship agendas as well as the COVID-19 recovery. This is a Herculean task. Considering that an industrially strong Europe ensures social cohesion and prosperity and that climate ambition is turned into tangible results and benefits for all as soon as it is working hand in hand with economic ambition, this paper outlines the key principles that according to the Federation of German Industries should guide this process. It provides cross-cutting policy recommendations that should be taken into account when designing the European Green Deal reference architecture for 2030.
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