On 14 July, the European Commission finally announced a large package of measures that will make the EU the first mover in the race limit global warming, with measures targeting all sectors in a deepening and broadening of the European decarbonisation process.

In this episode of The Sound of Economics, Bruegel’s Director Guntram Wolff and Bruegel Senior fellow Andre Sapir and Simone Tagliapietra walk you through the 13 proposals and hundreds of pages designed to ensure the continent meets the goal of reducing carbon emissions by 55 percent in 2030 and net zero by 2050, compared with 1990 levels. How ambitious are the goals? How should they be distributed among the citizens, businesses and countries of the EU? How stringent should a new carbon border adjustment be?

Recommend readings:

How to make the European Green Deal work (2019), GRÉGORY CLAEYS, SIMONE TAGLIAPIETRA AND GEORG ZACHMANN

https://www.bruegel.org/2019/11/how-to-make-the-european-green-deal-work/ 

Fit for 55 marks Europe’s climate moment of truth (2021), SIMONE TAGLIAPIETRA

https://www.bruegel.org/2021/07/fit-for-55-marks-europes-climate-moment-of-truth/

The geopolitics of the European Green Deal (2021), MARK LEONARD, JEREMY SHAPIRO, JEAN PISANI-FERRY, SIMONE TAGLIAPIETRA AND GUNTRAM B. WOLFF

https://www.bruegel.org/2021/02/the-geopolitics-of-the-european-green-deal/

How to extend carbon pricing beyond the comfort zone, GEORG ZACHMANN

https://www.bruegel.org/2021/04/how-to-extend-carbon-pricing-beyond-the-comfort-zone/