Europe’s Green Deal needs to effectively handle rising distributional effects
Today’s political willingness to achieve more ambitious GHG emissions reduction targets by 2030, through legislative tools and financial instruments requires a regulatory breakthrough. We need a regulatory paradigm shift to manage the speed of the decarbonisation efforts and the unintended consequences of an aggressive energy transition for citizens and the economy as a whole.
The European Green Deal is a great opportunity to reframe the conceptual framework, the organisational set-up and the regulatory instruments which are necessary to deal effectively with distributional effects of energy and climate policies in the short and long run.
This letter and issue paper gather four challenges and four recommendations for action to support European leaders in taking effective and fair measures to the urgent climate crisis.