Why the EU must reset its Green Deal – or be left behind

Rabah Arezki, Jean-Pierre Landau and Rick van der Ploeg
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Rabah Arezki: CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne, FERDI - Fondation pour les Etudes et Recherches sur le Développement International, John F. Kennedy School of Government - Harvard University
Jean-Pierre Landau: Sciences Po - Sciences Po
Rick van der Ploeg: University of Oxford, UvA - University of Amsterdam [Amsterdam] = Universiteit van Amsterdam, CEPR - Center for Economic Policy Research

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Abstract: The European Union need to reset the Green Deal not necessarily by lowering its ambitions on the climate and environmental fronts but by making the Green Deal coherent socially, economically and (geo-)politically. Through its Green Deal, the European Union (EU) shows its ambition to be a world leader in the fight against climate change. Approved in 2019, this comprehensive package of policies -- spanning clean energy, buildings, farms, transport, industrial policy and more – aims to limit EU greenhouse gas emissions to ‘net zero' by 2050. Since then, further goals have been bolted on. The 2020 European Climate Law stipulates that, by 2030, EU greenhouse gas emissions should be at least 55% lower than 1990 levels.1 The Land Restoration Law passed in 2024 aims to restore 20% of European Union's degraded ecosystems by 2030, and 90% by 2050, to reduce emissions and achieve biodiversity objectives. [...]

Keywords: European union; Green deal; Climate change; Environment; Carbon taxation; International cooperation (search for similar items in EconPapers)
Date: 2024-12-03
Note: View the original document on HAL open archive server: https://uca.hal.science/hal-04979579v1
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Published in Nature, 2024, 636, pp.42-44. ⟨10.1038/d41586-024-03918-w⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-04979579

DOI: 10.1038/d41586-024-03918-w

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