MUFG Global Markets Podcast

What's next for the EU Green Deal?

Notwithstanding the pivot to the right in France, Italy and Germany during parliamentary elections earlier this month, the EU Green Deal – the continent’s flagship framework in making Europe climate neutral by 2050 – is alive and well (in aggregate). However, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), believes that a new narrative and mindset shift is now needed to successfully implement the set of policy initiatives, as the shift to the right may witness an integration of the green agenda with other major economic and social considerations, such as, industrial policy, competitiveness and affordability considerations. Whilst this could signal a more restrained approach to greening the European continent, it can equally help mitigate political resistance by encouraging more thoughtful public policy.

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