European Union Plans to Become Carbon Neutral by 2050

The road to a climate neutral economy would require joint action in seven strategic areas: energy efficiency; deployment of renewables etc,.

research and markets report

Committing to make Europe carbon neutral by 2050, European Union has adopted a long-term strategy to make EU the first major climate neutral economy.

“The strategy shows how Europe can lead the way to climate neutrality by investing into realistic technological solutions, empowering citizens, and aligning action in key areas such as industrial policy, finance, or research – while ensuring social fairness for a just transition,” the statement released by the EU said.

The Vice-President responsible for the Energy Union, Maroš Šefčovič said, “We cannot safely live on a planet with the climate that is out of control. But that does not mean that to reduce emissions, we should sacrifice the livelihoods of Europeans.

He further added that, “our strategy now shows that by 2050, it is realistic to make Europe both climate neutral and prosperous, while leaving no European and no region behind.”

Commissioner for Climate Action and Energy, Miguel Arias Cañete said, ” it is in Europe’s interest to stop spending on fossil fuel imports and invest in meaningful improvements to the daily lives of all Europeans. No European, no region should be left behind. The EU will support those more impacted by this transition so that everyone’s ready to adapt to the new requirements of a climate neutral economy.”

The road to a climate neutral economy would require joint action in seven strategic areas: energy efficiency; deployment of renewables; clean, safe and connected mobility; competitive industry and circular economy; infrastructure and interconnections; bio-economy and natural carbon sinks; carbon capture and storage to address remaining emissions. Pursuing all these strategic priorities would contribute to making our vision a reality.

To read the press release click here

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