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During its July plenary session, Parliament is set to discuss the Committee on Budgetary Control's report on the control of the European Investment Bank's financial activities in 2019. The report highlights the role of the Bank in financing the European Green Deal, and its gradual shift towards being 'the EU Climate Bank'. It also looks into the implementation of the European Fund for Strategic Investments (EFSI) and the Bank's external operations, among other things. As last year, the report strongly ...

The proceedings summarise the expert presentations and discussions of the workshop on the extension of the Review of the Land Use, Land Use Change and Forestry Regulation. The workshop served to prepare the ENVI Committee for the upcoming legislative “Fit for 55” package of proposals, as part of the European Green Deal. The presentations focused on options for improving carbon sinks in the EU and strengthening the LULUCF Regulation. This document was provided by the Policy Department for Economic ...

The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism, along with the Just Transition Fund and just transition scheme under InvestEU. The PSLF consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget and European Investment Bank lending of €10 billion from its own resources, the aim is to mobilise between €25 and 30 billion in public investment over the 2021-2027 period (in 2018 prices). Funding ...

This briefing provides an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above-mentioned communication on the new EU strategy on adaptation to climate change (new adaptation strategy), which aims to realise the 2050 vision of a climate-resilient EU. The IA was published on 24 February 2021 and was subsequently referred to the European Parliament's Committee on Environment, Pubic Health and Food Safety (ENVI). The Commission's ...

The European Green Deal aims to make the European Union climate-neutral by 2050, a target supported by all EU institutions. With this objective, the EU takes a leading role in addressing the global climate emergency. Achieving the climate-neutrality goal requires massive investment and an unprecedented transformation of all sectors of the economy. This study explains the physical basis of climate change and highlights its expected impacts on the EU. To give an overview of EU and international climate ...

Efforts to curb carbon emissions are falling short ‒ and geoengineering is again in the spotlight. Will governments end up tinkering with Earth’s thermostat?

Climate change health impacts are experienced through direct and indirect pathways. These can take the form of an increase in the frequency and/or severity of extreme weather events such as heatwaves, droughts, floods, and storms which directly may impact health, resulting in heat-related mortality and morbidity, injury and trauma. Indirectly, climate change may impact health through loss of livelihoods, land and property and through interaction with environmental systems. This document was provided ...

The Commission proposed to set the 55 % greenhouse gas emissions reduction target (compared to 1990 levels) by 2030. The supporting impact assessment is in line with the requirements of the Better Regulation Guidelines when it comes to the combined use of qualitative and quantitative methods and tools, as well as taking on board the Regulatory Scrutiny Board's recommendations. However, the discussion of the socio-economic or environmental implications of the problem identified, the formulation of ...

There is mounting evidence for negative consequences of climate change on human health worldwide, from both direct and indirect effects, mediated by ecosystems and socioeconomic systems. The impacts are being experienced in the EU, and the effects of climate change on food systems are a critical part of the overall impacts on human and planetary health. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Environment ...

Achieving carbon neutrality by 2050, in line with the European Green Deal, will require the EU to overhaul its production and consumption patterns. During the November II plenary session, the European Parliament is expected to vote on an own-initiative report that recommends a possible way forward by making products more durable and easier to repair and recycle, and by providing consumers with more rights and information, so as to nudge them towards more sustainable choices.