{"id":33011,"date":"2024-05-03T10:58:42","date_gmt":"2024-05-03T08:58:42","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=33011"},"modified":"2024-05-03T14:23:51","modified_gmt":"2024-05-03T12:23:51","slug":"eu-overshoot-day-open-letter-to-eu-leaders","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2024\/05\/03\/eu-overshoot-day-open-letter-to-eu-leaders\/","title":{"rendered":"EU Overshoot Day: open letter to EU leaders"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-equal-height-columns\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-bottom:20px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\" style=\"--awb-content-alignment:justify;\"><p><strong>Subject: 2024 EU Overshoot Day: Appeal to EU leaders to prioritise a fair and inclusive green transition in the next political mandate.<\/strong><\/p>\n<p>Letter co-signed with WWF and more than <u><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vT5Zafy-aX3VssKHlw6Fszs5sQwcKnOj7y69NRgzZZ_VZy7kB07WKlZAR4mU8l-YLlprRTnIJf_dJGx\/pubhtml?gid=0&amp;single=true\" target=\"_blank\" rel=\"noopener noreferrer\">300 other signatories.<\/a><\/u><\/p>\n<p>Dear Heads of State and Government,<br \/>\nDear President von der Leyen, President Metsola and President Michel,<br \/>\nDear Members of the European Parliament,<\/p>\n<\/div><div class=\"fusion-text fusion-text-2\" style=\"--awb-content-alignment:justify;--awb-text-color:var(--awb-color4);--awb-text-font-family:&quot;Montserrat&quot;;--awb-text-font-style:normal;--awb-text-font-weight:700;\"><p>Today, 3 May 2024, the EU has used up nature\u2019s budget for the entire year. With just one month until the EU elections, we appeal to you to make a top political priority of the triple planetary crisis of climate change, biodiversity loss and pollution given the devastating impacts and growing intensity and frequency of climate-related events for ecosystems, health, economies, social justice and cohesion.<\/p>\n<\/div><div class=\"fusion-text fusion-text-3\" style=\"--awb-content-alignment:justify;\"><p><b>Our societies and economies are supported by what nature provides <\/b>\u2013 food, water, fibre, timber, carbon absorption, and land to build infrastructure. The EU accounts for less than 6% of the world population but uses between 70% and 97% of the \u2018safe operating space\u2019 available for the whole world. (1) We would need 3 planets to satisfy our demand if everyone on Earth lived like Europeans. This is not only unsustainable, it is irresponsible.<\/p>\n<p>The consequences of our ecological overshoot include global deforestation, biodiversity loss, collapse of fish stocks, water scarcity and pollution, soil erosion, air pollution, and climate change, leading to more frequent extreme weather events such as droughts, floods, and wildfires. This concerns us all, as Europe is set to suffer temperature increases double that of other continents due to climate change. And risks linked to resource exploitation such as violence, poverty and poor governance put global peace and security at risk. (2, 3)<\/p>\n<p><b>In the coming months, you have the momentous opportunity and responsibility to turn the tide.<\/b> The EU launched the European Green Deal in 2019. While it is still far removed from its initial promise, the prioritisation of a \u2018climate-neutral, green, fair and social Europe\u2019 represented a remarkable shift in policy making. However, in recent months, politicians across Europe have begun breaking their promises in favour of short-term interests of those that lobby hardest, further undermining the credibility of the EU. Scrapping existing environmental safeguards, or putting new green laws on hold will only bring our nature closer to the brink of collapse, along with our economies.<\/p>\n<p><b>We urge you to act before it is too late. Current and future generations need you to step up your political commitment to work towards a climate-neutral, zero-pollution and nature-positive economy, that protects citizens and our industries. You can do this by committing to:<\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Deepen and accelerate the Green Deal, by fully implementing recently agreed goals and addressing ambition gaps on nature, climate as well as pollution<\/b> by further establishing robust, legally binding targets and new ambitious protection standards based on the latest science available. Only with continued efforts can Europe safeguard our health, nature, safety and economy and create crucial links between those.<\/li>\n<li aria-level=\"1\"><b>Radically increase public climate, environment and social investments<\/b>, while aligning all public and private investments with the objectives of the green transition and ensure big polluters are fully held accountable. Only then, will Europe be able to boost its competitive sustainability.<\/li>\n<li aria-level=\"1\"><b>Strengthen EU governance, democracy and the effective participation of civil society<\/b>. The role of citizens at national and EU levels needs to be strengthened, and equal access to decision-makers as well as justice across Europe needs to be ensured.<\/li>\n<\/ul>\n<p><b>These actions are essential to unlock the societal and industrial benefits of a well-executed green and fair transition. <\/b>Already today, citizens are benefiting from the transition. In 2023, renewables used for our electricity production rose to a record 44% share &#8211; increasing our energy independence and stabilising soaring energy bills. In 19 Member States, electric cars are already cheaper than a petrol or diesel equivalent. The EU has been working on making rail travel cheaper, cleaner and easier, with notable successes. As a result of EU laws, air quality in cities and industrial areas has started to improve, saving lives and preventing illnesses. And the EU has seen substantial growth in green jobs, spanning various competencies and accommodating diverse skill levels, totalling 5.1 million jobs in 2020.<\/p>\n<p>In the coming months, you will have the opportunity to set a political agenda that prioritises people and the planet, thereby creating even more benefits. Recent and forthcoming reports, such as the one on the future of the EU single market, (4) highlight the political imperative to act. We urge you to respect the broad majority of EU citizens who continue to believe that climate, health and social issues should be top priorities. (5)<\/p>\n<p>Yours sincerely,<\/p>\n<p>Undersigned signatories,<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vT5Zafy-aX3VssKHlw6Fszs5sQwcKnOj7y69NRgzZZ_VZy7kB07WKlZAR4mU8l-YLlprRTnIJf_dJGx\/pubhtml?gid=0&amp;single=true\" target=\"_blank\" rel=\"noopener\">See here for a list of latest signatories<\/a><\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-padding-top:20px;--awb-padding-right:10px;--awb-padding-bottom:20px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:var(--awb-color1);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-1 fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color1);--awb-font-size:16px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;Montserrat&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:16;--minFontSize:16;line-height:1.5;\">Notes:<\/h3><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-4\"><ol>\n<li>\u00a0Sala, S., Benini, L., Beylot, A., Castellani, V., Cerutti, A., Corrado, S., Crenna, E., Diaconu, E., Sanye Mengual, E., Secchi, M., Sinkko, T. and Pant, R., <span style=\"text-decoration: underline;\"><a href=\"https:\/\/publications.jrc.ec.europa.eu\/repository\/handle\/JRC113607\" target=\"_blank\" rel=\"noopener\">Consumption and Consumer Footprint: methodology and results<\/a><\/span>, Publications Office of the European Union, 2019<\/li>\n<li>\u00a0World Economic Forum (2024). <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www3.weforum.org\/docs\/WEF_The_Global_Risks_Report_2024.pdf\" target=\"_blank\" rel=\"noopener\">Global Risk Report 2024<\/a><\/span>.<\/li>\n<li>\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/caneurope.org\/open-letter-sustainable-resource-management\/\" target=\"_blank\" rel=\"noopener\">Open Letter: 100+ organisations call for EU legislation on Sustainable Resource Management<\/a><\/span><\/li>\n<li>\u00a0Enrico Letta (2024). <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.consilium.europa.eu\/media\/ny3j24sm\/much-more-than-a-market-report-by-enrico-letta.pdf\" target=\"_blank\" rel=\"noopener\">Much More than a Market<\/a><\/span>.<\/li>\n<li>\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/europa.eu\/eurobarometer\/surveys\/detail\/3152\" target=\"_blank\" rel=\"noopener\">EP Autumn 2023 Survey: Six months before the 2024 European Elections<\/a><\/span><\/li>\n<\/ol>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);--awb-margin-bottom:0px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;text-transform:uppercase;--fontSize:33;line-height:1.5;\">Read also<\/h2><\/div><div class=\"fusion-separator\" style=\"align-self: flex-start;margin-right:auto;margin-top:25px;margin-bottom:35px;width:100%;max-width:100px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:var(--awb-color4);border-color:var(--awb-color4);border-top-width:10px;\"><\/div><\/div><div class=\"fusion-blog-shortcode fusion-blog-shortcode-1 fusion-blog-archive fusion-blog-layout-grid-wrapper fusion-blog-no\" style=\"--awb-title-font-size:18px;\"><style type=\"text\/css\">.fusion-blog-shortcode-1 .fusion-blog-layout-grid .fusion-post-grid{padding:15px;}.fusion-blog-shortcode-1 .fusion-posts-container{margin-left: -15px !important; margin-right:-15px !important;}<\/style><div class=\"fusion-posts-container fusion-posts-container-no fusion-blog-rollover fusion-blog-layout-grid fusion-blog-layout-grid-3 isotope fusion-blog-equal-heights\" data-pages=\"175\" data-grid-col-space=\"30\" style=\"margin: -15px -15px 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rel=\"author\">Antoine Bouhey<\/a><\/span><\/span><span class=\"updated\" style=\"display:none;\">2026-03-16T16:33:15+01:00<\/span><a href=\"https:\/\/reclaimfinance.org\/site\/en\/category\/blog_en\/\" rel=\"category tag\">Articles<\/a><span class=\"fusion-inline-sep\">|<\/span><\/p><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div>\n<\/article>\n<article id=\"blog-1-post-39375\" class=\"fusion-post-grid post-39375 post type-post status-publish format-standard has-post-thumbnail hentry category-blog_en acteurs_financiers-asset-managers-en acteurs_financiers-asset-owners acteurs_financiers-investors thematique-coal thematique-oil-and-gas-en thematique-sustainable-finance programme-program-3\">\n<div class=\"fusion-post-wrapper\" style=\"background-color:rgba(255,255,255,0);border:1px solid #2a2b3d;border-bottom-width:3px;\">\n\n\t\t\t<div class=\"fusion-flexslider flexslider fusion-flexslider-loading fusion-post-slideshow\" style=\"border-color:#2a2b3d;\">\n\t\t<ul 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640px) 712px, \" \/><div class=\"fusion-rollover\">\n\t<div class=\"fusion-rollover-content\">\n\n\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\n\t\t\t\t\t\t<a class=\"fusion-link-wrapper\" href=\"https:\/\/reclaimfinance.org\/site\/en\/2026\/03\/13\/when-some-asset-owners-lead-the-way-in-changing-asset-managers-climate-practices\/\" aria-label=\"When some asset owners lead the way in changing asset managers\u2019 climate practices\"><\/a>\n\t<\/div>\n<\/div>\n<\/div>\n<\/li>\n\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t\t<\/ul>\n\t<\/div>\n\t<div class=\"fusion-post-content-wrapper\" style=\"padding:30px 25px 20px 25px;\"><div class=\"fusion-post-content post-content\"><h3 class=\"blog-shortcode-post-title entry-title\"><a href=\"https:\/\/reclaimfinance.org\/site\/en\/2026\/03\/13\/when-some-asset-owners-lead-the-way-in-changing-asset-managers-climate-practices\/\">When some asset owners lead the way in changing asset managers\u2019 climate practices<\/a><\/h3><p 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class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":26,"featured_media":33013,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"tags":[],"acteurs_financiers":[2444],"thematique":[2423],"webinar_type":[],"programme":[],"class_list":["post-33011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog_en","acteurs_financiers-regulators","thematique-fossil-fuels"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EU Overshoot Day: open letter to EU leaders - Reclaim Finance<\/title>\n<meta name=\"description\" content=\"EU Overshoot Day: Appeal to EU leaders to prioritise a fair and inclusive green transition in the next political mandate\" \/>\n<meta name=\"robots\" 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