We reached an agreement at @Cop30noBrasil.
It is not perfect, but it is a huge step in the right direction.
The EU stood united, fighting for ambition on climate action.
➡️ ec.europa.eu/commission/pre…
As always great to meet with NGOs working on climate change in Brussels.
We had a very good conversation on COP31, the Emissions Trading System, and the post-2030 framework.
1/3 This summer was the “Summer of Truth”. Wildfires, heatwaves and droughts caused immense human suffering and resulted in high economic costs.
That is why today we present the Framework for Climate Resilience.
What are we doing concretely? 🧵
Fantastic to work hand in hand with President @NadiaCalvino and the @EIB to advance our shared commitment to climate resilience.
Our Climate Resilience Framework proposal will be unveiled next week.
This week our Boards approved:
✅ our new Adaptation Plan, supporting resilient infrastructure, water, agriculture and innovation
✅ nearly €12bn in new financing for EU priorities, almost half for Europe’s energy autonomy and lower energy costs👇
go.eib.org/eibgBoardOct26
This is a key deliverable in making the ETS fit for the future and a strong response to the calls of EU leaders. It will strengthen market stability and predictability over the next decade, enhance EU industry and competitiveness, and give businesses greater investment certainty.
#EUETS: @EUCouncil & @Europarl_EN agree to strengthen the market stability reserve (#MSR) for a competitive & climate neutral Europe.
The rules
⚖️boost market stability & predictability
💸protect industry
🌎advance climate goals
Read more👇
link.europa.eu/wBTGqf