European Commission President Ursula von der Leyen has unveiled 50 sweeping plans to enable the EU to reach net-zero emissions by 2050, claiming that the Green Deal was "more than just a vision, it is a roadmap for action".
The European Green Deal was formally unveiled at COP25 on Wednesday (11 December), outlining a comprehensive climate and nature package of measures to make Europe climate neutral by 2050.
Headline targets listed in the Green Deal include a 50-55% emissions reduction target for 2030; a climate law to reach net-zero emissions by 2050; a transition fund worth €100bn and a series of new sector policies to ensure all industries are able to decarbonise.
European Commission President Ursula von der Leyen said: “The European Green Deal is, on the one hand, our vision for a climate-neutral continent in 2050 and it is, on the other hand, a very dedicated roadmap to this goal. It is fifty actions for 2050.
“Our goal is to reconcile the economy with our planet, to reconcile the way we produce and the way we consume with our planet and to make it work for our people. Therefore, the European Green Deal is on the one hand about cutting emissions, but on the other hand it is about creating jobs and boosting innovation.”
Between 1990 and 2018, the EU reduced greenhouse gas emissions by 23% while growing its economy by 61%, However, the Commission’s own projections suggest that only a 60% emissions reduction can be achieved by 2050 based on current trajectories.