EU leaders endorsed the objective of making the EU climate-neutral by 2050, in line with the Paris Agreement. They underlined that the transition to climate neutrality will bring significant opportunities for economic growth, markets, jobs and technological development. Poland, at this stage, could not commit to implementing this objective, which is why the European Council will come back to this issue in June 2020.
The European Council took note of the Commission communication on the European Green Deal and asked the Council to take work forward.
Leaders recognised the need to put in place an enabling framework to ensure a cost-effective, as well as socially balanced and fair transition to climate neutrality, taking into account different national circumstances.
The European Council underlined that the next multiannual financial framework (MFF) will significantly contribute to climate action. Tailored support for regions and sectors most affected by the transition will be made available from the Just Transition Mechanism.
I. CLIMATE CHANGE
1. In the light of the latest available science and of the need to step up global climate action, the European Council endorses the objective of achieving a climate-neutral EU by 2050, in line with the objectives of the Paris Agreement. One Member State, at this stage, cannot commit to implement this objective as far as it is concerned, and the European Council will come back to this in June 2020.
2. The transition to climate neutrality will bring significant opportunities, such as potential for economic growth, for new business models and markets, for new jobs and technological development. Forward-looking research, development and innovation policies will have a key
3. Achieving climate neutrality will however require overcoming serious challenges. The European Council takes note of the Commission Communication on the European Green Deal and asks the Council to take work forward in line with paragraph 1. It recognises the need to
put in place an enabling framework that benefits all Member States and encompasses adequate instruments, incentives, support and investments to ensure a cost-effective, just, as well as socially balanced and fair transition, taking into account different national
circumstances in terms of starting points.
4. The transition will require significant public and private investments. In this context, the European Council welcomes and supports the announcement by the EIB that it intends to support EUR 1 trillion of investment in climate action and environmental sustainability in the
period from 2021 to 2030. It underlines that the next MFF will significantly contribute to climate action. InvestEU has an important role in leveraging private investments for the transition. Tailored support for regions and sectors most affected by the transition will be
made available from the forthcoming Just Transition Mechanism. The European Council welcomes the European Commission’s announcement that its forthcoming proposals will aim at facilitating EUR 100 billion of investment through the Just Transition Mechanism. Funding of transformation efforts must continue after 2030.
5. All relevant EU legislation and policies need to be consistent with, and contribute to, the fulfilment of the climate neutrality objective while respecting a level playing field. The European Council invites the Commission to examine whether this requires an adjustment of the existing rules, including on state aid and public procurement. It also invites the Commission to report regularly on the environmental and socio-economic impact of the transition to climate neutrality.
6. The European Council acknowledges the need to ensure energy security and to respect the right of the Member States to decide on their energy mix and to choose the most appropriate technologies. Some Member States have indicated that they use nuclear energy as part of their national energy mix.
7. The climate neutrality objective needs to be achieved in a way that preserves the EU’s competitiveness, including by developing effective measures to tackle carbon leakage in a WTO compatible way. In this context, the European Council takes note of the Commission’s
intention to propose a carbon border adjustment mechanism concerning carbon-intensive sectors. Facilities in third countries need to adhere to the highest international environmental and safety standards.
8. The European Council invites the Commission to prepare a proposal for the EU’s long-term strategy as early as possible in 2020 with a view to its adoption by the Council and its submission to the UNFCCC.
9. The European Council warmly thanks Spain for the successful organisation of COP25 in Madrid. It invites the Commission, after a thorough impact assessment, to put forward its proposal for an update of the EU’s nationally determined contribution (NDC) for 2030 in
good time before COP26.
10. International engagement will be crucial for the success in addressing climate change. The European Council calls on the Commission and the High Representative to pay particular attention to climate diplomacy.
11. The European Council will keep progress towards the EU’s objective of climate neutrality by 2050 under review and give strategic guidance, as appropriate.
II. MULTIANNUAL FINANCIAL FRAMEWORK
12. Following the presentation of the Negotiating Box with figures by Finland’s Presidency, the European Council discussed the main features of the new Multiannual Financial Framework.
13. The European Council calls on its President to take the negotiations forward with the aim of reaching a final agreement.
III. OTHER ITEMS
14. The European Council considered the idea of a Conference on the Future of Europe starting in 2020 and ending in 2022. It asks the Croatian Council Presidency to work towards defining a Council position on the content, scope, composition and functioning of such a conference and to engage, on this basis, with the European Parliament and the Commission. The European Council recalls that priority should be given to implementing the Strategic Agenda agreed in June, and to delivering concrete results for the benefit of our citizens. The
Conference should contribute to the development of our policies in the medium and long term so that we can better tackle current and future challenges.