Bruegel Event Recordings

This event featured a panel discussion on the recent European Commission communication for a new, long-term climate strategy for the EU entitled “A Clean Planet for All: A European Strategic Long-Term Vision for a Prosperous, Modern, Competitive and Climate Neutral Economy.” The communication, issued in November 2018, was presented by Raffaele Mauro Petriccione, Director General in the European Commission’s Department for Climate Action (DG CLIMA). Petriccione highlights how past proposals, such as the 2011 Roadmap, have relied heavily on strategies that keep existing systems in place, such as carbon capture storage. This new communication seeks to change this by proposing more radical changes to the economic system through a 2050 carbon neutrality target. The communication reveals that this target is both feasible and can be achieved in way that keeps Europe globally competitive. However, in order for these goals to be realized, the EU must find a way to redirect private investment towards carbon neutrality