Across the globe, countries are putting policies and recommendations in place to help prevent and mitigate the challenges of climate change. While it is a worldwide issue, the European Union has been pivotal in its attempt to tackle the problem by establishing a range of changes to be made to promote a cleaner environment and become carbon neutral.
But what exactly are these new policies and how do they encourage individuals and businesses to adapt to these changes?
The European Green Deal
This strategy sets out a range of objectives and goals with the main aim being to become the first carbon neutral continent by 2050. This means putting laws in place that reduce emissions by 55% by 2040 and increase manufacturing among the main growth sectors to reduce importation of goods.
Another aim is to plant three billion more trees by 2030 and develop sustainable agriculture with food supply and security. This includes a focus on organic farming, with financial support and an increase in research and innovation.
Environmental investments
The EU commission has launched 12 strategic projects in member states which are set to increase and improve marine ecosystems, air and water quality. Conservation projects have also been established in countries such as Italy, Austria and France.
These programmes aim to increase sustainability and reduce emissions while supporting wider EU legislation.
Air pollution limits
The EU has also established more stringent rules on the allowance of air pollution, more specifically certain particles that can cause damage to the body, including the heart and lungs. But, while this is a step in the right direction, the limits are still above the recommended maximum by experts.
Investment and implementation
Investment programmes have been set up to contribute to climate change strategies and aim to increase both private and public investment in projects related to sustainability.
As well as benefiting the environment and green businesses, this also offers opportunities for private investors investing through the Tradu platform to leverage technology and incentives.
Further action
While the EU policies are ambitious and serve to completely overhaul the continent’s climate and infrastructure, there are loopholes among the regulations that could mean the strategy falls short on potential. For example, setting the air pollution limits at a higher than recommended rate means the policy could fail to achieve its maximum impact.
The European Environment Agency’s latest report also concludes that many of the policies set out are unlikely to happen by the stated target date.
However, the aims encompass multiple sectors and are set to impact each business and individual in the European Union. This means that no stone will go unturned and, while such strategies are sure to create huge transformation, there is also the opportunity for jobs, increased domestic resources and significant overall growth.
