Europe intends to lead the world towards a pact on climate action
In Europe, we have heard the warnings about climate change. We know that if our industrial, energy, transportation and food systems do not change, we could face a catastrophic temperature increase of more than 3° celsius this century.
As we approached the end of 2020—Europe’s hottest year on record—we in the European Union made a collective decision to reduce our greenhouse-gas (GHG) emissions by at least 55% from 1990 levels by 2030. The European Commission now is following through on this commitment with concrete policy changes, and the European Investment Bank (EIB) is backing the effort with its financial power.
The current decade is a make-or-break moment for our planet. To confront the immediate challenges that lie ahead, our two organizations convened governments, international institutions and investors on 24 March 2021 for a landmark event: ‘Investing in Climate Action.’ The event brought world leaders together to share their plans for implementing the necessary policies at home and ensuring international coordination.
