The green deal is a plan for sustainable investments adopted by the European Commission and which aims to make Europe the first “climate neutral” continent by 2050.
It’s estimated that 93% of Europeans consider climate change a serious problem and that as many have taken at least one action to fight these changes. The European Commission has interpreted this need and is transforming this political commitment into a legal obligation, stimulating investments in this direction.
The sustainable investment plan adopted by the European Commission on January 14, 2020 clearly invites entrepreneurs to “think green”: to emit less carbon dioxide, to eliminate the emitted one from the atmosphere, to reduce emissions from the energy and industrial sectors, to develop cleaner energy sources, to develop a truly circular economy and to protect biodiversity.
To implement the plan, the European Union will devote a quarter of its budget to tackling climate change and has set up a program to move € 100 billion in investment to make the economy more environmentally friendly over the next 10 years.
Who does the green deal speak to?
A large number of economic sectors will be interested in these changes! As for the energy sector, the primary objective will be decarbonisation. In fact, the use of fossil fuels represents over 75% of greenhouse gas emissions, only in Europe. For buildings, responsible for 40% of our energy consumption, renovations will be promoted in order to improve energy efficiency, raising awareness among people to reduce consumption (and consequently, bills). For mobility, there are incentives to introduce cleaner, cheaper and healthier forms of transport. In addition, at the United Nations conference on biodiversity scheduled for October 2020, the EU will work towards the implementation of an ambitious global plan to protect biodiversity.
Industry and green deal
As for manufacturing companies, however, the European Union specifically requires a new industrial policy based on the circular economy, which can be implemented by stimulating the development of new markets for circular and climatically neutral products.
To do this, however, it will be necessary to help industries to modernize, because only through digitization can we monitor and optimize the way in which energy and natural resources are consumed. A fusion between Industry 4.0 and green deals, which focuses on sustainability and green growth.
In Fandis we are already working with the best digital technologies to optimize many processes, such as thermal management, even in one of the more traditional sectors, such as the enclosures applications.