Claeys, Grégory and Tagliapietra, Simone and Zachmann, Georg. (2019) How to make the European Green Deal work. Bruegel Policy Contribution Issue n˚14 | November 2019. [Policy Paper]
Abstract
European Commission president-designate Ursula von der Leyen has made climate change a top priority, promising to propose a European Green Deal that would make Europe climate neutral by 2050. The European Green Deal should be conceived as a reallocation mechanism, fostering investment shifts and labour substitution in key economic sectors, while supporting the most vulnerable segments of society throughout the decarbonisation process. The deal’s four pillars would be carbon pricing, sustainable investment, industrial policy and a just transition.
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