The scope of this transition means rapidly re-imagining the way we consume, produce, and go about our daily lives. Long-standing business practices and technologies must be replaced, old habits shifted, and resources redirected to cleaner, future-proof investments.
NOVEMBER 2023. This new briefing examines the current state of EU cleantech from lab to market. The ECNO flagship progress report found that progress in the cross-cutting sector of cleantech has so far been too slow. The briefing's author, ECNO expert Ciarán Humpreys, sheds light on the role of finance in accelerating progress to become in line with the EU's 2050 climate neutrality target.
The assessment of progress considers the key objectives and enabling conditions for change needed in each building block. This approach is designed to accompany the overarching nature of the European Green Deal and the EU's headline climate neutrality target, which touches all aspects of the economy and society.
Progress is assessed across a comprehensive set of 104 indicators, covering all areas of European society and economy. Indicators are selected to target on-the-ground change by measuring the enabling conditions for emission reductions, not only key headline trends.
As the EU finalises and adopts legislation to implement the European Green Deal, ECNO's analysis across 13 building blocks reveals strengths and weaknesses in the EU’s progress towards climate neutrality.
The transition of lifestyles towards more sustainable behaviour patterns and social practices is a meaningful driver of decarbonisation.