Recycling revenues from energy and carbon taxes to support low-income groups, investing in renovating buildings and in green mobility are among measures that could ensure public support for Europe’s sustainability agenda and a socially just transition.
This graph shows the projected impact of fully implementing the Paris Climate Agreement on the GDP of different countries in the EU by 2030, compared to a ‘business as usual’ baseline forecast. Latvia, Malta and Belgium will experience the largest boost to their GDP.
The successful transition towards a low-carbon economy, as defined by the Paris Climate Agreement, is projected to result in a 1.1% growth in GDP, and a 0.5% growth in employment, in the EU between now and 2030. This is compared to a ‘business as usual’ baseline forecast.
Eurofound (European Foundation for the Improvement of Living and Working Conditions) is a tripartite EU body, whose mission is to provide knowledge to assist in the development of better social, employment and work-related policies.
