EU Green Deal must be built on economic foundations

Today, the European Commission published its concrete plan on the European Green Deal. BusinessEurope supports the Commission’s ambition of putting Europe on a pathway to a sustainable future. European business is ready to play an essential role to make this Green Deal a success.

BusinessEurope Director General Markus J. Beyrer said: “The European Green Deal is an important initiative to protect our planet and put Europe on a pathway to a sustainable future. The question is not about whether this societal transformation is needed, but how we make it successful. The 20 million companies we represent in Europe are at the core of this success. Only competitive and profitable companies will bring technological solutions, sustain jobs and generate wealth. A strong economic pillar is therefore a prerequisite, and the only way to ensure that the green transition does not lead to de-industrialisation and job losses. It is therefore essential to connect the Green Deal with a strong industrial strategy that mobilises the hundreds of billions of euros of investments needed. We’re ready to bring solutions and to work with the new college of Commissioners to make this deeply transformative agenda a success.”

See BusinessEurope’s priorities for the new European institutions here.