Ecology

The EU has already taken important actions for private finance to support the transition to a greener economy, and it cannot waste this one chance to finish the work. The sustainable finance legislative framework could help boost the European economy going forward – it is the last stretch before reaping the benefits of the efforts made so far.

Carbon emissions from transport will still account for 44% of Europe’s total in 2030. The sector's decarbonisation comes with broad challenges, including industrial transformation to scale new technologies, secure local green jobs, and ramp up new supply chains. Transport & Environment's Julia Poliscanova looks at the building blocks of a successful mobility transition for the next European Commission. 

The outgoing European Commission has upscaled the use of unilateral trade instruments to achieve security, competitiveness and sustainability objectives. In times of environmental crises and rising geopolitical tensions, the incoming European Commission should implement the ambition to embed European trade within planetary boundaries and revive international cooperation around environmental trade goals.

We are in the midst of a fundamental global political and economic re-ordering. Revisionist states are challenging the geopolitical order and questioning the territorial status quo in Europe and Asia. Economic competition on the world market is fierce, as evidenced by the struggles of traditional European industrial powerhouses such as Volkswagen and ThyssenKrupp. Cracks in the foundations of European prosperity are emerging. The days when Europe could outsource its security to the Americans, benefit from cheap Russian energy, and easily sell its goods to the world are ending. Europe needs to rethink its foundations. This means investing in decarbonisation, digitalisation, and defence. But this cannot be done on the cheap.