The benefits of EU policies on climate, energy, and competitiveness in the context of current crises
SustainAbility School #65
The EU has developed measures to address the climate and energy crises. In 2022, political negotiators concluded discussions on various files within the “Fit for 55” package – the EU’s political framework for implementing its goal of reducing greenhouse gas emissions by at least 55% by 2030. These negotiations took place in a political context dominated by the EU's response to the energy crisis resulting from the war in Ukraine. For example, emergency measures and the RepowerEU plan focused on increasing renewable energy, improving energy efficiency, and developing hydrogen. Innovative companies across Europe have been very active in driving these political developments to ensure that the EU develops a suitable policy framework to achieve its climate goals and places the ecological transition at the center of the EU’s response to the energy crisis.
Another growing theme is the development of the Green Industrial Plan, the EU’s response to the U.S. Inflation Reduction Act. The aim of the plan is to support the transition to climate neutrality for the European industrial sector with net-zero emissions and to boost its competitiveness.
With all these political developments, the EU has the opportunity to simultaneously achieve and address goals related to climate, energy, and competitiveness. How can it accomplish these? How do companies position themselves regarding these issues?
Another growing theme is the development of the Green Industrial Plan, the EU’s response to the U.S. Inflation Reduction Act. The aim of the plan is to support the transition to climate neutrality for the European industrial sector with net-zero emissions and to boost its competitiveness.
With all these political developments, the EU has the opportunity to simultaneously achieve and address goals related to climate, energy, and competitiveness. How can it accomplish these? How do companies position themselves regarding these issues?
By attending this webinar, you will learn about:
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EU Policies in Times of Crisis: The EU is implementing policies under the Green Deal, REPowerEU, and Fit for 55 packages to address climate change, energy independence, and competitive sustainability;
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REPowerEU Plan: Aims to reduce dependency on fossil fuels and accelerate renewable energy adoption, Sets ambitious targets, including 320 GW of new solar installations by 2025, Includes an estimated €300 billion investment need to diversify energy sources;
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Fit for 55 Package: A comprehensive set of regulations targeting a 55% reduction in greenhouse gases by 2030, Emission Trading System (ETS) updates include extending to the transport and building sectors, Establishes a Social Climate Fund to support vulnerable groups affected by green transitions;
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Green Deal Industrial Plan: Aims to strengthen the EU’s competitive sustainability by boosting manufacturing for net-zero technology, promoting green jobs, and securing critical raw materials, Introduces the Net-Zero Industry Act with a 40% target for EU-produced clean technologies by 2030;
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Carbon Border Adjustment Mechanism (CBAM): Puts a carbon price on imports in specific sectors to avoid carbon leakage and maintain competitive equality;
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CISL Competitive Sustainability Index: Measures EU countries’ competitive performance as they progress toward sustainability goals, providing insights into EU-wide strategies like the Green Deal and digital transformation;
About the guest speaker
Romain Pardo joined the Cambridge Institute for Sustainability Leadership (CISL) and CLG Europe in December 2018 to work as a program manager in the EU office on climate and energy advocacy issues. He coordinates the EU policy strategy of the We Mean Business Coalition and brings together the Green Growth Partnership – a high-level dialogue forum between ministers for climate and environment and business representatives.
Before joining CISL, Romain spent most of his career as a policy analyst in various think tanks in Brussels. At the Institute for European Environmental Policy (IEEP), Romain was project manager for the Think 2030 sustainability platform, which brings together diverse stakeholders, including business leaders and policymakers, to propose solutions for a sustainable future in Europe and beyond. He also worked on projects and publications related to the circular economy. Romain was also a public policy analyst at the “Sustainable Prosperity for Europe” program at the European Policy Centre (EPC), analyzing political developments in resource efficiency, climate action, and the implementation of the Sustainable Development Goals. Romain gained his first experience in think tanks as the personal assistant to the CEO of Re-Define, an organization focused on the euro crisis and the Green New Deal.
Before joining CISL, Romain spent most of his career as a policy analyst in various think tanks in Brussels. At the Institute for European Environmental Policy (IEEP), Romain was project manager for the Think 2030 sustainability platform, which brings together diverse stakeholders, including business leaders and policymakers, to propose solutions for a sustainable future in Europe and beyond. He also worked on projects and publications related to the circular economy. Romain was also a public policy analyst at the “Sustainable Prosperity for Europe” program at the European Policy Centre (EPC), analyzing political developments in resource efficiency, climate action, and the implementation of the Sustainable Development Goals. Romain gained his first experience in think tanks as the personal assistant to the CEO of Re-Define, an organization focused on the euro crisis and the Green New Deal.
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