The new deal also includes €7.5 billion in rural development grants from the EU recovery fund, intended to help farmers meet the bloc’s climate ambitions. The deal paves the way for a green and resilient recovery, with a commitment to 30% of funds going to climate projects and the … The EU has launched the Covid-19 Recovery Plan for several objectives. The European Green Deal is Europe’s growth strategy. Das von EU-Kommissionspräsidentin Ursula von der Leyen vorgelegte milliardenschwere Programm „Next Generation EU“ soll die Wirtschaft nach der Corona-Pandemie wieder ankurbeln. The most important part of Next Generation EU is a new Recovery and Resilience Facility of €560 billion, whose purpose is to offer financial support for investments and reforms, including in relation to the green and digital transitions and the resilience of national economies, linking these to the EU priorities – but with no reference to the impact of shocks. The results presented in this publication will contribute to the update of the SET Plan. In January 2020, the Commission presented the Sustainable Europe Investment Plan, the strategy to finance the Green Deal by attracting at least €1 trillion worth of public and private investment over the next decade. The comments, personal data (name and/or pseudonym) and any other personal information included by the Data Subject in the published comments will be disseminated on the website in keeping with the request expressed by the Data Subject. In December MEPs voted on their position concerning the initial SME strategy, asking the Commission to update it in light of the coronavirus crisis, emphasising liquidity problems and digital aspects as well as expressing support for the move towards a greener economy. boost the efficient use of resources by moving to a clean, circular economy; restore biodiversity and cut pollution; The plan outlines investments needed and financing tools available. Discover how the Just Transition Fund will help EU regions make the transition to a greener economy. The multiannual budget is worth €1.074 trillion for 2021-2027, while the recovery fund, the Next Generation EU, remained at €750 billion (in 2018 prices) for 2021-2024. During the coronavirus pandemic economic activity slowed, causing a reduction in carbon emissions but leaving the EU facing recession. In November 2020, Parliament asked for a revision of the proposal to reflect the impact of the pandemic in the industrial sector. Contact: SMA@amchameu.eu The Green Deal: laying the foundations for the next generation 11850730158, NEXT GENERATION EU AND GREEN DEAL: THE OUTLOOK FROM THE ENTREPRENEURIAL STANDPOINT. In November 2019, the Parliament declared a climate emergency asking the Commission to adapt all its proposals in line with a 1.5 °C target for limiting global warming and ensure that greenhouse gas emissions are significantly reduced. In March 2020, the Commission presented a new industrial strategy for Europe, to ensure that European businesses can transition towards climate neutrality and a digital future. The first pillar is based on the idea that all the reform action to be carried out by the Commission … On 15 June, the DIW Berlin presented their findings on the realisation of a fully renewables powered European economy in a comprehensive study entitled “Make the European Green Deal Real”. November 30, 2020 Dal Green Deal alla proposta di una prima Legge sul Clima Europea finalizzata a rendere il target di emissioni zero nel 2050 un obiettivo vincolante per i Paesi UE, a risorse per fronteggiare l’emergenza Covid quali il Sure, (strumento europeo di sostegno temporaneo per attenuare i rischi di disoccupazione nell’emergenza) ed il tanto discusso Recovery Fund (Next Generation EU). Learn how your comment data is processed. fostering convergence, resilience and transformation in the European Union. The funds will help member states address the economic and social impact of the COVID-19 pandemic whilst ensuring that their economies undertake the green and digital transitions , becoming more sustainable and resilient . The €672.5 billion facility is at the heart of the EU's extraordinary recovery effort, Next Generation EU (NGEU): the €750 billion plan agreed by EU leaders in July 2020. Read what the European Parliament is doing to ensure that the EU will fulfil its ambitious targets to tackle climate change. It explains how to ensure a just and inclusive transition. These would include proceeds from the Emissions Trading System and a carbon border adjustment mechanism that would impose a levy on imports of certain goods. Once member states in the Council establish their position on the climate law, Parliament and Council will start negotiations on the final text, which must receive approval from both institutions. 3:30 – 5:00 pm. Parliament and Council agreed on the introduction of new sources of revenue to fund the budget and the recovery plan. The European Green Deal provides an action plan to. We appreciate your comments. The monitoring methodology was The ‘Next Generation EU‘ instrument will create a ‘green, digital and resilient Europe’. In the section related to ‘Kick-starting the economy and helping private investment’, there … The measures to be adopted by the member countries will focus on creating a Europe that is more eco-friendly, digital and resilient. See the complete information policy. Read and accepted. To rebuild Europe after the COVID-19 pandemic, the European Union has decided to allocate funds for a total of €1,800 billion in its budget for the period 2021-2027 to Next-Generation EU – a tool developed specifically to deal with the healthcare crisis. The Recovery and Resilience Facility: the centrepiece of NextGenerationEU with €672.5 billion in loans and grants available to support reforms and investments undertaken by EU … Two-thirds of the envisaged €750 billion of bonds receipts will fund grants and, for the first time, will therefore not be backed by individual member states borrowing the proceeds from the EU. The European Green Deal is a set of policy initiatives by the European Commission with the overarching aim of making Europe climate neutral in 2050. At the request of the Heads of State or Government, the Commission presented at the end of May a very wide-ranging package combining the future Multiannual Financial Framework (MFF) and a specific Recovery effort under Next Generation EU (NGEU). An diesem Freitag starten, mit dem Treffen der Staats- und Regierungschefs der EU-Mitgliedstaaten, die Verhandlungen zu dem von der Europäischen Kommission vorgeschlagenen EU-Aufbauplan „Next Generation EU“. Kritikern sind die Pläne nicht ambitioniert genug. The food sector is one the main drivers of climate change. The event will bring together executives of companies from different sectors to discuss the measures already put in place by their companies to achieve the goals identified by the European Union. There is a deal. The measures to be implemented by the French and Italian governments will also be discussed. At the same time the EU aims to tackle the loss in biodiversity, including the potential extinction of one million species. Together with the EU’s coming €1.1 trillion multi-annual budget, the European Union will have a unprecedented €1.8 trillion spending capacity over the next seven years (2021-2027). Box 2 - “Next Generation EU”: lo strumento finanziario per la ripresa europea 46 Tabella 1 - Tabella di marcia - Azioni chiave del Green Deal europeo 34 Tabella 2 - Un’Europa sociale forte per transizioni giuste: il programma 43 Tabella 3 - Quadro di raffronto tra … Insgesamt sollen 750 Milliarden Euro mobilisiert werden, um damit die EU aus der durch die Covid-19 Pandemie verursachten Rezession zu führen. We recommend that EU initiatives take an open and outward-looking approach to ensure equal and non-discriminatory access for third-country financial institutions, businesses and investors. This site uses Akismet to reduce spam. If fully implemented, the Commission’s Next Generation plan would increase the EU’s financial obligations fifteen-fold. The plan, along with the next EU long-term budget which still needs to be approved by member states and Parliament, aims to create a greener, more inclusive, digital and sustainable Europe and increase resilience to future crises such as the climate crisis. It still has to be approved by the Parliament. Just over a month after the presentation of the European Green Deal, the European Commission presented a detailed proposal on how to finance it.The European Green Deal Investment Plan is designed to attract at least one trillion euros worth of public and private investment over the next decade.. Why it matters. Von der Leyen’s vision for a next generation EU. An impact assessed plan will also be presented to increase the EU's greenhouse gas emission reductions target for 2030 to at least 50% and towards 55% compared with 1990 levels. Post-COVID-19 Europe will be greener, more digital, more resilient and better fit for the current and forthcoming challenges. In March 2020, the Commission proposed the European Climate Law, a legal framework to achieve the 2050 climate neutrality goal. This report relies exclusively on the inputs that SETIS received from the IWGs. Even though EU agriculture is the only major farm sector worldwide to have reduced its greenhouse gas emissions (by 20% since 1990), it still accounts for about 10% of emissions (of which 70% are due to animals). SETIS did not seek for additional evidence to substantiate the findings of the progress review. Live Webinar November 30, 2020 3:30 – 5:00 pm . It will focus on: Find out more about the benefits of the circular economy and how the Parliament fights plastic pollution. NEXT GENERATION EU E GREEN DEAL: IL PUNTO DI VISTA DELLE IMPRESE. The plan, along with the next EU long-term budget which still needs to be approved by member states and Parliament, aims to create a greener, more inclusive, digital and sustainable Europe and increase resilience to future crises such as the climate crisis . The Farm to Fork Strategy, presented by the Commission in May 2020, should guarantee a fair, healthy and environmentally friendly food system, whilst ensuring farmers’ livelihoods. Read more about the challenges to be tackled by the new industrial strategy. In her speech, Von der Leyen announced that 37% of NextGenerationEU will be spent directly on the European Green Deal objectives aiming to kickstart a European renovation wave and make the EU a leader in the circular economy. The EU aims to be climate neutral in 2050. To encourage investment in environmentally sustainable activities and prevent companies falsely claiming their products are environmentally friendly - practice known as green-washing -Parliament adopted new legislation on sustainable investments in June 2020. Context: Aligning policy targets of the European Green Deal with the “Next generation EU” green recovery programme will be crucial. An ambitious EU long-term budget will be crucial to rebooting the economy and creating a green, digital and resilient Europe after Covid-19. The Green Deal also requires international cooperation. Find out about the EU's contributions to global climate measures in our timeline. To put Next Generation EU’s funding ambitions into perspective, the size of its annual borrowing requirement is almost identical to the combined issuance in 2020 of the four public sector borrowers represented at last week’s panel on implementing the green deal. As 99% of European firms are small and medium-sized enterprises (SMEs), accounting for 50% of the EU gross domestic product and responsible for two out of three jobs, the Commission also proposed a new SME strategy, encouraging innovation; cutting red tape and allowing better access to finance. Among its main objectives are: Parliament has been advocating sustainable forestory as forests play an essential role in absorbing and offsetting carbon emissions. The European Green Deal: the EU’s growth strategy. It covers the entire food supply chain, from cutting the use of pesticides and sales of antimicrobials by half and reducing the use of fertilisers to increasing the use of organic farming. 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