By Dr. Romain Mauger 1. Introduction On 11 December 2019, the new European Commission presided by Ursula Von der Leyen presented the European Green Deal. The aim for the EU is to become climate-neutral by 2050 and this will require massive investments. The financial part of this Green Deal is the European Green Deal Investment Plan (EGDIP) , revealed on 14 January 2020. This programme should mobilise “at least €1 trillion of sustainable investments ” until 2030 . The graph below shows the split in terms of origin of the money for such investments with half of it to come directly from the EU budget, over a quarter from public and private investments guaranteed by InvestEU, over a 10% from national co-financing, a reduced part from the EU ETS and, in the middle of this vast sum of money, the Just Transition Mechanism (JTM). Source: The European Green Deal Investment Plan and Just Transition Mechanism explained, EC, Brussels, 14 January 2020, p. 1.
Popular posts from this blog
Important State Aid Decision: European Court of Justice Upheld Germany`s Renewable Energy Law - Case Comment C-405/16 P Germany v Commission
The Court of Justice today annulled earlier decisions of the European Commission and of the General Court, which ruled that the German Renewable Energy Law (EEG) constitutes state aid. Today´s ruling exonerates Germany from all charges of wrongful practices under EU state aid rules. The case reaches beyond energy law and opens the door towards a new definition of state aid. The ruling allows for more flexibility of Member States when designing energy law frameworks.
Much has been written about the infamous Urgenda-case, in which the Urgenda Foundation successfully challenged the Dutch government to adopt more stringent climate policies. http://uitspraken.rechtspraak.nl/inziendocument?id=ECLI:NL:RBDHA:2015:7196 For the first time a court forced a government to amend its climate change goals. The district court of The Hague found the current government`s approach insufficient to reduce the Dutch share in global emissions. The appeal of the government is still pending. I wrote a little piece on one particular aspect of the verdict, the interplay between the precautionary principle and climate change policies.