European member states agreed in December 2020 to an increased climate target for 2030 of -55% net emissions reductions. In July, the European Commission will propose an update of the EU’s key climate and energy legislation to turn that climate target into concrete policy.
This report by Cambridge Econometrics looks into the impact of an increase in ambition in the road transport and buildings sector on the European economy and on household purchasing power.
Uphold the European Green Deal
The Commission must champion the Green Deal as a strategy for hope, resilience and fairness. Now is the moment to lead with courage – and to invest in...
But going back on the 2035 zero-emissions target and deploying no industrial strategy could instead see loss of 1 million auto jobs.
A new study models the impact of EU electric vehicle leadership and ambitious policies on investment and jobs.