vonderleyen2_Patrick Pleulpicture alliance via Getty Images_wind energy Patrick Pleul/picture alliance via Getty Images

A Global Green Deal

By strengthening its emissions-reduction targets and investing heavily in clean energy, greentech, and research and development, the European Union has positioned itself as a global climate leader. It now must continue to lead by example while also doing more to help others achieve their climate ambitions.

BRUSSELS – In Europe, we have heard the warnings about climate change. We know that if our industrial, energy, transportation, and food systems do not change, we could face a catastrophic temperature increase of more than 3°C this century.

As we approached the end of 2020 – Europe’s hottest year on record – we in the European Union made a collective decision to reduce our greenhouse-gas (GHG) emissions by at least 55% from 1990 levels by 2030. The European Commission now is following through on this commitment with concrete policy changes, and the European Investment Bank is backing the effort with its financial power.

The current decade is a make-or-break moment for our planet. To confront the immediate challenges that lie ahead, our two organizations are convening governments, international institutions, and investors on March 24, 2021, for a landmark event: “Investing in Climate Action.”

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