GIMED: News 3 about the EU Green Deal

Posted on July 3, 2020

The monthly EU news published on the European Green Deal to keep the GIMED Community informed.”

The GIMED Green Impact Med project aims at boosting the development of green and eco-innovative entrepreneurs in 5 Mediterranean countries (Egypt, Italy, Lebanon, Palestine and Tunisia) by  creating the required environment and improving knowledge base to better access finance and markets, creating jobs and driving the green and circular economy in the region.

With an important investment in green and circular economy committed through the European Green Deal, the European Union is today the frontrunner to become the first carbon neutral economy by 2050. With the aim of keeping you updated on the Union’s strategy to become a more resource-efficient and competitive economy, we will publish a monthly EU news  to share useful news about the for our GIMED community.

The European Green Deal as EU’s main recovery strategy

End of May, the European Commission has put forward its proposal for a major recovery plan[1]. The coronavirus has shaken Europe and the world to its core, testing healthcare and systems, our societies and economies and our way of living and working together. To ensure the recovery from this pandemic is sustainable, even, inclusive and fair for all Member States, the European Commission is proposing to create a new recovery instrument, Next Generation EU, embedded within a powerful, modern and revamped long-term EU budget. To protect lives and livelihoods, repair the Single Market, as well as to build a lasting and prosperous recovery, the European Commission is proposing to harness the full potential of the EU budget. Next Generation EU of €750 billion as well as targeted reinforcements to the long-term EU budget for 2021-2027 will bring the total financial firepower of the EU budget to €1.85 trillion.

Complementing national efforts, the EU budget is uniquely placed to power a fair socio-economic recovery, repair and revitalize the Single Market, to guarantee a level playing field, and support the urgent investments, in particular in the green transition, one of the key’s  to Europe’s future prosperity and resilience. Relaunching the economy does not mean going back to the status quo before the crisis but bouncing forward. Therefore, the European Green Deal will be an essential pillar for the EU’s recovery strategy.

This recovery strategy will massively invest in priority areas such as: 

  • A massive renovation wave of buildings and infrastructure and a more circular economy, bringing local jobs;
  • Rolling out renewable energy projects, especially wind, solar and kick-starting a clean hydrogen economy in Europe;
  • Cleaner transport and logistics, including the installation of one million charging points for electric vehicles and a boost for rail travel and clean mobility in our cities and regions;
  • Strengthening the Just Transition Fund to support re-skilling, helping businesses create new economic opportunities.

Read the full article here.


[1] communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committe and the Committee of the Regions Europe’s moment: repair and prepare for the next generation