The global effects of climate change are becoming ever more present as time passes. The cost of climate inaction and the continuation of current energy production, industrial and daily habits will lead to irreversible damage. Air pollution will cause hundreds of thousands of premature deaths annually, heat and drought will pose both health, migration and natural habitat risks. These changes in our environment will lead to added strains to EU economies with estimated annual damages reaching €190bn and food prices rising by 20% globally by 2050.
The European Green Deal, proposed by the newly elected European Commission President, Ursula von der Leyen in December 2019, has become the centre piece of the new Commission. The Deal aims to make the EU climate-neutral by 2050 by assisting companies to become leaders in clean products and technologies while at the same time guaranteeing a just transition for those effected most by the changes made. Policy areas covered by the Deal include clean energy, energy efficiency of buildings, sustainable mobility and pollution to ensure that climate change is tackled in all major polluting sectors.
Just Transition Mechanism- for a green transition based on solidarity and fairness
Just Transition Mechanism will, to assure that no one is left behind in the green transition -moving away from fossil fuels like coal, lignite, peat and oil shale - provide tailored financial and practical support to help workers and generate the necessary investments in regions most affected by the transition. It will make investments more attractive, with an overall financial package worth at least €100 billion.
Just Transition Plaform aims to assist EU countries and regions to unlock the support available through the Just Transition Mechanism.
European Union, 2020
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