1. The Green Transformation of Europe: challenges, opportunities, and the way forward
- Author:
- Phoebe Koundouri, Konstantinos Dellis, and Angelos Plataniotis
- Publication Date:
- 12-2023
- Content Type:
- Policy Brief
- Institution:
- Hellenic Foundation for European and Foreign Policy (ELIAMEP)
- Abstract:
- This paper delves into the multifaceted impacts of climate change on Europe. It examines the immediate risks, including infrastructure damage and health crises, and explores the broader socio-economic consequences. The paper highlights Europe’s strategic responses, such as the European Green Deal, and its efforts at pioneering innovative, sustainable solutions. Key initiatives like the Net-Zero Cities program and the role of Public-Private Partnerships are discussed, and the need for holistic, cross-sector collaboration emphasized. The paper also addresses the financial mechanisms and regulatory frameworks crucial for supporting the green transition. Ultimately, the paper underscores the EU’s commitment to a sustainable, resilient future, balancing economic growth with environmental stewardship. The summer of 2023 marked record-high temperatures, illustrating the urgent challenge posed by climate change. Climate change poses immediate risks including infrastructure damage and health crises, but also presents opportunities for green technology and sustainable economic growth. The European Green Deal sets ambitious emissions reduction targets, employing strategies like REPOWER-EU to enhance energy security and reduce dependency on fossil fuels. Greece is making strides in renewable energy and climate laws, but challenges remain, particularly in phasing out lignite and fossil fuel reliance. Massive investment increases are needed to meet climate commitments, with the EU deploying financial instruments like the European Green Deal Investment Plan and Horizon Europe. The EU has adopted a holistic approach with initiatives like European Missions and Net-Zero Cities focusing on collaborative, cross-sector efforts to achieve sustainable development. The UN SDSN Global Climate Hub offers scientific, human-centric solutions for a climate-neutral future, emphasizing collaboration and sustainable pathways. The EU demonstrates a strong commitment to a holistic, sustainable future, balancing economic growth with environmental responsibility.
- Topic:
- Climate Change, Infrastructure, Public-Private Partnership, Green Transition, and Net Zero
- Political Geography:
- Europe