Saturday, October 16

Merkel calls for ‘fundamental rethinking’ at 2021 CDP Europe Awards

German Chancellor Angela Merkel has called for a “fundamental rethinking” to protect the environment at the annual CDP Europe Awards 2021.

the CDP event celebrates companies and cities that are working towards greater sustainability, and this year is hosted by the European Investment Bank and broadcast on Euronews.

In her opening message, Merkel welcomed the Commitment of the Green Deal of the European Commission to make Europe climate neutral by 2050, but he said states must also act to bring change.

We need “the right incentives … to achieve the transformation towards climate neutrality,” he said. The German leader added that CDP’s environmental impact disclosure system allows companies and municipalities to gain a “competitive advantage.”

How cities see the road to 2030

Greater paris Anne Hidalgo, Mayor of Athens Kostas bakoyannisand the mayor of Turku Minna arve They also participated in the online event, each contributing their views on how urban spaces should develop by 2030.

The leader of the French capital put a strong emphasis on cycling in her conversation with the host of the event, Chris Burns of Euronews. “In 15 years we have cut greenhouse gases by a third. Bicycles symbolize this success, thanks to the 1,000 km of bike lanes we have,” he said.

“Our goal is to make Paris a 100% cycling city, that is, you can ride a bike safely anywhere,” Hidalgo told Euronews.

Minna Arve, who runs the 800-year-old Finnish city of Turku, said efforts to involve citizens in the sustainability decisions that are made are essential for success. “In the end, these are the daily decisions of everyone in the city, so we have to also encourage our citizens and companies,” he emphasized.

Athens Mayor Bakoyannis spoke about efforts to “green” public spaces in the Greek capital. “It is up to us to build solutions from the bottom up,” he said. “That will free up ‘quality’ public space, embrace a new model of sustainable mobility, and ensure that we change while preserving our soul.”

Commercial bets on the launch of the Green Deal

The CDP event brought together the leaders of some of the charity’s top-ranked companies and organizations, all of which are betting on the success of the European Green Deal, the effort to link the European Commission’s pandemic recovery fund packages with sustainable, low-carbon growth.

One of the companies that has already reviewed its operations is the Danish power company. Ørsted. Its CFO Marianne Wiinholt told Euronews that change was now much easier to achieve: “We have the solutions for green energy because now we can build green energy cheaper than we can build fossil fuels in most of the world. . technologies to decarbonize the sectors that are difficult to abate. “

CFO of the Italian oil and gas company, Eni, Francesco Gattei, said his firm was investing in renewable energy and biofuels. He laid out his vision of how to achieve the carbon neutrality goals. “We have to be pragmatic. We have to be economically driven, efficiency driven, and we have to be innovative in the way we play, and not ideological,” he said.

Cement production is one of the most difficult sectors to decarbonize because the production process emits CO2. However, the CEO of the French-Swiss building materials company LafargeHolcimJan Jenisch said his company was strongly focused on reducing emissions by introducing higher percentages of recycled building materials in its products. “Honestly, as a company, we are excited that from society to politics to the consumer, everyone wants this to happen,” Jenisch told panelists.

No more loans for airport expansion, says EIB

Ambroise Fayolle from the European Investment Bank, which is now marketed as ‘Europe’s climate bank’, participated in another panel on European-level efforts towards climate neutrality. He said that by 2025 half of its activity would have to be in the field of climate action. Fayolle cited projects to boost solar power and offshore wind as the types of initiatives most likely to attract funding.

The EIB Vice President also said that no financial support would be offered to projects that are likely to lead to more CO2 emissions. “That means there are things that we were financing before that we will not do more. One example is that we used to finance airport expansions. We will not do that anymore,” he said.

Through the Green Deal, the EU aims to set the course to achieve net zero emissions by 2050. The question is how to encourage companies to commit to doing so. European Commissioner for Financial Stability, Financial Services and Capital Markets Union, Mairead McGuinnesshe told Euronews that at least now “we know the destination.”

“We need companies to understand their impact on the environment and, indeed, the impact of climate and environmental degradation on their accounts. That is key. And investors need quality information,” he emphasized.

You can see our highlights from the event in the video player above.


CDP used to be called the Carbon Disclosure Project. It is an international non-profit organization based in the United Kingdom, Germany and the United States. It helps companies and cities to publicize their environmental impact. It works with more than 6,000 corporations and 550 cities and classifies their self-reported data, with the goal of setting a global standard for energy and emissions reporting.

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