Central Europe recently experienced catastrophic floods due to torrential rain from Storm Boris, resulting in at least 21 deaths in four countries. The European Commission is considering emergency funds to support affected areas as extreme rainfall becomes more common and intense. Commission President Ursula von der Leyen emphasized the importance of managing and financing the growing need for adaptation and repair in the years to come. Additionally, she presented the new Commission focused on environmental resilience and transforming Europe’s economy into a competitive industrial force of the future.
The new Commission, led by von der Leyen, includes Spain’s Teresa Ribera who will oversee the “Clean, Just and Competitive Transition” portfolio. Ribera expressed gratitude for the opportunity to address economic and industrial challenges facing European businesses, as well as the urgent need for green solutions. Von der Leyen assured reporters that climate change will remain a priority for the Commission, alongside competitiveness and security. The aim is to lead Europe towards a sustainable future that prioritizes environmental protection and economic growth.
The European economic power is set to be consolidated through the Green Deal which aims to transform industries and create jobs in a sustainable manner. The new Commission’s composition reflects this focus, with a clear vision to drive the transition to a greener economy while ensuring competitiveness on a global scale. The Green Deal has become a central element of the economic strategy, shaping a new doctrine that integrates sustainability into all aspects of policy making. Despite a shift in the European Parliament towards the right, the Green Deal is expected to be upheld and even strengthened, as indicated by the mission letters given to Commissioners.
Despite criticisms of the Draghi Report for lacking boldness in driving the transition towards a green industrial policy, it is seen as providing a sobering analysis of Europe’s position globally. The report highlights the need for bold vision from the European Commission, with member states, the Council, and Parliament urged to endorse it and commit to securing long-term competitiveness for Europe. The focus is on aligning policies and investments to support the transition to a sustainable economy while ensuring that Europe remains a leader in global markets. The Green Deal remains a key driver of this vision, guiding the Commission towards a future that balances economic growth with environmental protection.
