Fears are growing that the EU's long-awaited Green Deal, which is supposed to decarbonise Europe, could be in jeopardy. This perspective has gained support among those who propose delaying climate action, which amounts to climate change denial, even though the scientific evidence and record of extreme weather events caused by human global warming is undeniable. These skeptics ignore the benefits of the clean energy transition and risk the business sector losing momentum on its sustainability agenda if they proceed slowly.
It will be necessary to invest in clean energy infrastructure and technologies, simplify business processes, and introduce the Industrial Decarbonization Accelerator Act to support energy-intensive sectors during the green transition. According to Shine, the next five years will be crucial in deciding whether Europe meets its climate targets by 2030. More importantly, it will affect whether Europe is able to compete economically, especially as China leads the way in investment in renewable energy and electric cars. If Europe slows down, it risks falling behind. (Co2AI)