ECOHZ Origin Matters

This policy's objective is to transform the European Union into a low-carbon economic structure, by creating a "Competitive Low-Carbon Europe". There is a need to start a discussion to ensure that Member States manage to agree on a framework that promotes, rather than delays, investment in clean energy. Improving energy efficiency will be the first prerequisite for sustainable energy use.

By 2050, the European Union aims to transform itself from one of the world's largest greenhouse gas emitters into a competitive low-carbon economy. The goal is to ensure that emissions are 40% below 1990 levels by 2030, 60% below by 2040, and 80% lower by 2050. To achieve these goals, the European Union forecasts that this transformation will require around EUR 270bn, in addition to investments of 19% of EU GDP.

Moreover, the European Union needs to increase energy efficiency by 20% to ensure that the environmental benefits of the ambitious reduction targets are achieved. With more than 450 million people and 27 counties in the European Union, these targets for a green and sustainable future will have a major global impact.