BDI on the European Climate Law
With a European Climate Law (ECL) the EU Commission has to bring back entrepreneurial planning and investment security. To do so it needs to set realistic and feasible objectives that are in line with the holistic approach of the Green Deal. The German Industry as a major supplier of climate-friendly products and systems has an interest in a robust framework that brings climate and industry policy together. Therefore, the BDI´s objective of this paper is to define the three key requirements for a European Climate Law: 1. Translating the three pillars of the European Green Deal into equal objectives within a European Law 2. Establishing a definition on climate neutrality that allows flexibility until 2050 to speed up mitigation efforts 3. Aiming for European industry´s contribution of at least 20 percent to the European GDP which could make the Green Deal Europe´s new Growth Strategy In addition, today it has become even more important than ever to evaluate midterm-targets as well as pathways towards climate neutrality under changing conditions. This also includes the investment potential of different stakeholders as well as the incentivising instruments needed. Under the circumstances of a global pandemic timelines, measures and expectations must be discussed. This will be fleshed out in due course.
2
