New European Commission focuses on Green Deal
Following the European elections in May, the European institutions are in a process to form a new European Commission for the period 2019-2024. Mid-July, the German Christian-Democrat, Ursula von der Leyen was nominated as President of the European Commission by EU heads of states and then elected by the European Parliament with a narrow margin. The new Commission includes the creation of a Vice-President for the European Green Deal. This portfolio will be held by Frans Timmermans.
She presented her team with allocated portfolios at the beginning of September. The hearings of the Commissioners-designates by the European Parliament are currently taking from 30 September until 15 October. The Romanian Commissioner-designate, Rovana Plumb and the Hungarian one, László Trócsányi were already rejected, which means that new Commissioners need to be designated by these countries. The European Parliament will then vote to approve the whole European Commission at the end of October before the Commission takes office on 1 November.
The European Green Deal is one of the top priorities of President-elect Ursula von der Leyen. Its goal is for Europe to become climate-neutral by 2050. It requires investment in innovation and research, a redesign of the EU economy and an updated industrial policy. It will include the extension of the Emission Trading System to the maritime sector and gradual reduction of free emission allowances for airlines, a carbon border tax, compliant with World Trade Organization rules, the revision of the Energy Taxation Directive. The implementation of the European Green Deal will be crucial for the future of the European petrochemicals industry.