Calling for Legislation on Climate Public-private Partnerships: In an EU Climate Law Perspective

This paper addresses how climate public-private partnerships can contribute to the climate neutral objectives in EU. In July 2021, the EU adopted the European Climate Law. The purpose of the European Climate Law is to tackle climate change and to deliver on the long-term temperature goal of the Paris Agreement and climate neutrality by 2050. It is stated in the European climate law that the long-term climate objective must contribute to economic and societal transformation, high-quality jobs, and sustainable growth, be socially balanced, fair, and cost-effective. It also stated in the regulation that the transition will require significant public and private investment and the EU, and the member states should consider (among several things) the need to integrate climate change related risks into investment in the achievement of the climate-neutrality objective. Hence, climate public-private partnerships could be the new generation of public-private partnerships and an important driver in obtaining the climate objectives in the EU Climate Law if the legislation supports the collaboration between the public and private sector. This paper discusses the need for climate public-private partnerships and the lack of legal support in an EU context.