CEO Alliance backs EU Green Deal’s 55% goal
Wednesday, July 7th, twelve business leaders gathered in Paris to talk about ways to further support the EU Green Deal. The European CEO Alliance, as the group is called, is convinced that tackling climate change will require a collective effort by all EU member states and strong collaboration between the public sector and the industry.
The Alliance would welcome a review of the EU’s major regulatory instruments, in particular subsidies for technologies with high CO2 emissions. The CEOs’ proposals include sending a strong carbon pricing signal, accelerating measures to decarbonize mobility and transport, buildings and energy systems, and speeding up the renewal of key industry sectors in the EU.
“As the European Commission prepares to present its ‘Fit for 55’ energy and climate package with measures to reduce greenhouse gas emissions by 55% in 2030 and achieve carbon neutrality in 2050, the mobilization of industrial and economic players will be essential to achieving our climate objectives together,” said Clément Beaune, Secretary of State for European Affairs in the French government.
Volkswagen Group CEO Herbert Diess: “Climate change will remain our greatest challenge over the next years and decades. The CEO Alliance fully supports the EU Commission’s climate goals, to which there is no alternative. Now it’s time to shift the political discussions toward getting it done. The CEO Alliance with its industry-leading companies from across Europe calls for a carbon-pricing signal covering all emissions across industries and countries.”
The Alliance members proposed a strong carbon price signal to achieve the EU’s climate targets. Carbon should have a price across the whole economy. Another proposal concerns a European carbon pricing system that would include measures to simultaneously achieve a social balance and emissions reduction.
Decarbonizing mobility, transport, and buildings will be the major challenges. For the transport and mobility sector, electric mobility for passenger cars, light vehicles, and heavy-duty vehicles has proven to be the most efficient technology in terms of energy consumption and emission reduction.
Buildings should meet higher standards regarding energy efficiency, renewables, and sustainable materials. The Alliance also calls for fossil-fuel heating systems to be rapidly replaced by rolling out electric heat pumps, district heating, and digital solutions. The European climate targets require a rapid build-up of renewable power generation and the direct electrification of mobility, transport, and heating/air conditioning for buildings.
The members view themselves as an ‘action tank’, working together on cross-sector pan-European projects at scale: cross-EU charging infrastructure for heavy-duty trucks, integration of EU power systems (in particular grids), digital carbon footprint tracking, sustainable and healthy buildings for the future of work and living, e-buses for Europe, green hydrogen value chains, and the rapid development of battery production.
The CEOs will deliver their first tangible results and discuss implementation with high-level EU representatives at a summit set for autumn 2021.
The twelve top executives from the energy, transport, and technology sector, who met in Paris are: Björn Rosengren (ABB), Thierry Vanlancker (AkzoNobel), Francesco Starace (ENEL), Leonhard Birnbaum (E.ON), Börje Ekholm (Ericsson), Henrik Henriksson (H2GreenSteel), Ignacio Galán (Iberdrola), Frans van Houten (Philips), Christian Klein (SAP), Christian Levin (Scania), Jean-Pascale Tricoire (Schneider Electric), and Herbert Diess (Volkswagen).