The European Green Deal will allow the European Union to become climate neutral

The day before the EU summit in Brussels, the European Commission presented the key assumptions of the European Green Deal - the flagship idea of President Ursula von der Leyen to achieve climate neutrality by 2050. Specific legislative proposals will be presented by March next year. Next, the EC will formulate postulates for the creation of the concept of biodiversity, which will refer to activities for the development of the circular economy, among others it will be a strategy described as "from field to table" regarding sustainable food production and shortening the supply chain, a new industrial strategy taking into account new climate and environmental goals and a set of ideas designed to reduce the amount of pollution.All this will contribute to a roadmap that is supposed to lead the EU to climate neutrality. The whole will be covered by significant financial support, as it is estimated that achieving current climate goals requires a financial investment of 1.5 percent of 2018 EU’s GDP, i.e. an additional 260 billion euros per year.According to the European Commission, it is necessary for the European Investment Bank (EIB) to join in the implementation of this process by mobilizing funds for the needs of transition. Over the next five years, probably EUR 100 billion will be allocated to this purpose, and the regions that are most exposed to the effects of change will receive the greatest support.In addition, the EC will launch the "Climate Pact" at the beginning of 2020 to:"give citizens the opportunity to speak and play a role in developing new activities, exchanging information, initiating grassroots activities and promoting solutions that others will be able to use."The EC perceives actions for climate change as an absolutely global enterprise, which mainly refers to trade policy. Frans Timmermans, Vice-President of the European Commission, will be responsible for implementing the European Green Deal, who believes that:"We are dealing with a climate and ecological crisis. The European Green Deal creates an opportunity to improve the health and well-being of Europeans by transforming our economic model. In our plan, we presented how to reduce emissions, heal our environment, protect wildlife, create new economic opportunities and improve the quality of life of citizens.We all have an important role to play, and the transition process will cover every industry sector and country. Moreover, we have a responsibility to ensure that the transition is just and that no one is left behind in the course of the European Green Deal. "