February 3, 2020

European Green Deal: a game changer?

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

The European Green Deal is the EU Commission’s new growth strategy. It aims to turn the climate and environmental challenges into an opportunity to modernise the EU economy, endorsing a large investment program. The plan targets emissions reduction of at least 55% by 2030 and climate neutrality by 2050.
European Green Deal: a game changer?
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • The European Green Deal is the EU Commission’s new growth strategy. It aims to turn the climate and environmental challenges into an opportunity to modernise the EU economy, endorsing a large investment program. The plan targets emissions reduction of at least 55% by 2030 and climate neutrality by 2050. 
  • To foster the change the EU will deploy its budget aiming to mobilise about 0.7% of GDP annually. Overall, investment needs are estimated at about 2% of EU GDP annually until 2050. The deal implies substantial structural changes. The most involved sector is Energy but the plan basically cuts across the whole economy. 
  • The Green and sustainable bond market is now at a turning point. Forthcoming sizeable green issuance in the EU will help growing and greening European finance in a more balanced and standardised way. Meanwhile the ECB will likely add green layers to both its monetary policy and regulatory objectives. 
  • Among sectors, building and materials are the main beneficiaries while Utilities and Autos will have to adapt.

Download the full publication below

CORE MATTERS - EUROPEAN GREEN DEAL: A GAME CHANGER?
February 3rd, 2020

Also interesting

Coronavirus model
March 5, 2021
Market Commentary

COVID-19 FACTS & FIGURES

Up-Trend-Line-Graph-and-Silhouette-Oil-Pumps-at-Oil-Field-with-Sunset-Sky-Background
March 5, 2021
Focal Point

Oil: strong, but not permanent price increase

Cubes-wood-arrows-up-down-red-and-green
00:06:05
March 4, 2021
Podcast

The Spotlight ǀ Generali Investments Podcast: Reflation boon and bane