Subjects: Energy issues
Targeted measures can cut carbon emissions and improve social equality
Recycling revenues from energy and carbon taxes to support low-income groups, investing in renovating buildings and in green mobility are among measures that could ensure public support for Europe’s sustainability agenda and a socially just transition.
Holistic approach needed to ensure vulnerable groups not left behind by climate policies
Achieving climate-neutral objectives established at European and international levels, such as in the UN Sustainable Development Goals and the European Green Deal, needs broad-based support and cross-departmental policy development at national, regional and local levels.
Which countries in Europe would benefit most from implementing the Paris Climate Agreement?
This graph shows the projected impact of fully implementing the Paris Climate Agreement on the GDP of different countries in the EU by 2030, compared to a ‘business as usual’ baseline forecast. Latvia, Malta and Belgium will experience the largest boost to their GDP.
Implementation of Paris Climate Agreement could boost EU GDP by 1.1%
The successful transition towards a low-carbon economy, as defined by the Paris Climate Agreement, is projected to result in a 1.1% growth in GDP, and a 0.5% growth in employment, in the EU between now and 2030. This is compared to a ‘business as usual’ baseline forecast.