The European Green Deal should be used to drive recovery and transition to a fair, resource-efficient and resilient society, argues WWF in a new report
WWF is calling on the EU and its governments to demonstrate leadership and foresight by continuing to follow, and reinforcing, a trajectory towards a resilient, sustainable and just economy and society, in line with the European Green Deal, the Paris climate agreement, biodiversity goals and the UN’s Sustainable Development Goals (SDGs).
According to WWF, the European Green Deal as set out by the European Commission provides policy makers with the fundamental principles that must guide the recovery of Europe’s economies.
It does so by setting out a strategy which aims to ‘transform the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource use’.
In a report published on 7 April 2020, WWF sets out a number of recommendations for European and national governments. These include ensuring just and sustainable recovery plans, rethinking regulation to strengthen resilience and using financial tools for recovery at EU level.
WWF is urging the EU to direct at least 50% of recovery plans into environmentally sustainable activities, while committing to not supporting environmentally harmful activities. It calls for the EU to reform fiscal rules to facilitate public investment in decarbonising the economy and support the use of ‘coronabonds’.
The report says: ‘Badly designed recovery plans in response to the Covid-19 outbreak risk exacerbating the social inequalities and environmental crisis. Instead, governments must draw up their plans in a way that helps tackle social inequalities, climate and environmental breakdown, and the need to improve long-term resilience, by taking a consistent approach across the board, and aiming clearly at a green, equitable and resilient recovery.’
More details can be found at Building resilience: WWF recommendations for a just & sustainable recovery after Covid-19