Will Europe Deploy, Deploy, Deploy? - Linda Romanovska Ep57

Spark Club - Linda Romanovska Introduction to Linda to provide context for the conversation Highlights Recent trip to Canberra with Climate Capital Forum International Court of Justice Opinion and the visit of Simon Stiell to Australia Lowlights The confusion and unproductive distraction cause by the “Omnibus” process – formally aimed at “simplification”, but realistically is “deregulation” of corporate sustainability. Main Story Europe Repeated, and unrelenting commitment to the EU Green Deal Objectives re-enforced on key recent policy documents, such as the “Competitiveness Compass”. It sets the new direction of the EU organised under 3 pillars: Pillar I: Closing the innovation gap Pillar II: A joint roadmap for decarbonisation and competitiveness – Clean Industrial Act Pillar II: Reducing excessive dependencies and increasing security. What’s coming up? Finalisation of the 2040 target - amending the Climate Law to include a legally binding target of net 90% GHG emissions reduction by 2040 (in time for COP 30) Probably joint climate ambition announcements with China