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This briefing, authored by ECCO and E3G, takes stock of the EU transition planning framework initiatives and calls for a systemic approach – moving towards a simple and holistic transition planning framework that aligns various governance systems and policy tools within the EU, while ensuring consistency with international climate goals such as the Paris Agreement.
As a party to the Paris Agreement and as a member of the European Union, Italy’s national contribution is linked with that of other member states and, together, they are legally obliged to achieve a 55% reduction in net emissions, compared to 1990 levels, by 2030. The National Energy and Climate Plan (NECP) provides a national framework for countries to implement their emissions reduction commitments. A Plan that openly falls short of some of the objectives set by the Fit for 55 proposals.
Given the imperative to mobilize private investment at the scale required to address climate change, the effective deployment of funding, policies, and frameworks becomes paramount. In this context, it is imperative to place Transition Plans (TPs) at the heart of the G7 finance agenda as primary tools to re-orient and re-design private and public choices towards resilient and sustainable economic systems.
This briefing, authored by ECCO and E3G, takes stock of the EU transition planning framework initiatives and calls for a systemic approach – moving towards a simple and holistic transition planning framework that aligns various governance systems and policy tools within the EU, while ensuring consistency with international climate goals such as the Paris Agreement.
As a party to the Paris Agreement and as a member of the European Union, Italy’s national contribution is linked with that of other member states and, together, they are legally obliged to achieve a 55% reduction in net emissions, compared to 1990 levels, by 2030. The National Energy and Climate Plan (NECP) provides a national framework for countries to implement their emissions reduction commitments. A Plan that openly falls short of some of the objectives set by the Fit for 55 proposals.
Given the imperative to mobilize private investment at the scale required to address climate change, the effective deployment of funding, policies, and frameworks becomes paramount. In this context, it is imperative to place Transition Plans (TPs) at the heart of the G7 finance agenda as primary tools to re-orient and re-design private and public choices towards resilient and sustainable economic systems.