On March 23rd, EuropeActive attended the 2021 edition of the Clean Energy Summit, entitled “Clean energy transition: the cornerstone of the European Green Deal”.
The event focused on the fight against climate change and the necessary measures to take in order to accomplish a clean and just energy transition. Through a series of live-streamed interactive panels and interviews, the Clean Energy Summit highlighted policy, business, and academia’s priorities regarding the clean energy transition in Europe, and discussed innovative solutions to address these challenges and create a European vision for the energy system.
Executive Vice-President for the European Green Deal of the European Commission, Frans Timmermans, reminded everyone of the two very ambitious objectives set by the European Commission: cutting CO2 emissions by 50% by 2030 and achieving climate neutrality by 2050. He called for the European Climate Law to be signed as soon as possible, in order to kickstart a whole package of measures setting a trajectory to reach these targets.
Many panels highlighted the importance of innovation and jobs in promising fields such as clean tech, electrification, low carbon technologies, efuels, sustainable fuels, etc., while European Commissioner for Energy Kadri Simson stated that “energy taxation and carbon border adjustment mechanism are two priorities for the European Commission”.
Massive investments in the EU energy sector, as well as support from the Member States are still very much needed – in the words of the Commissioner for Financial stability, financial services and the Capital Markets Union, Mairead McGuinness: “It’s vital to finance the transition to sustainability of sectors and companies to help us meet our climate and environmental goals”.
The social and equitable aspects of the green transition were also addressed, ensuring no region is lagging behind. MEP Manolis Kefalogiannis stated that the Just Transition Mechanism should help mobilise at least €100 billion over the period 2021-2027 in the most affected regions.
Making sure to involve not only the public and private sectors, but all the European citizens, while making green energies affordable, will be a priority in order to make the green transition possible.