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German Chancellor Angela Merkel and French President Emmanuel Macron emphasised unity on European climate action at a joint cabinet meeting in Toulouse, calling for the rapid adoption of a European Green Deal. In a聽, the two leaders said they wanted the European Union to achieve carbon neutrality by 2050 and supported the introduction of a minimum CO2聽price within the framework of the European Emissions Trading System (EU ETS). They also said they wished to explore ways to introduce a WTO-compliant EU border tax, which would be levied on products imported from countries with less environmentally friendly standards. This would ensure that the European industry remained competitive. The French and German leaders said they wanted to strengthen the role of the European Investment Bank (EIB) in climate finance, making it "the EU climate bank."

In the German parliament, it was important to consider the specific situations of European countries, such as Poland and Sweden, when it came to carbon neutrality and offer support in their structural transitions. "Europe is showing that it is committed to the Paris Agreement and the enshrined 1.5掳 goal and to climate-neutrality," she said. "We don鈥檛 have a full agreement about the implementation among all member states.

"It does make obviously a difference if a country like Poland still gets 80% of its energy from coal or like Sweden already gets over 50% of its energy consumption from renewables," Merkel said. "For that reason, Europe will support the member states in their move to climate neutrality in order to remain on the forefront globally in climate policy in the medium term.鈥�

Germany was聽first reported聽to join a group of EU countries supporting the pledge for carbon neutrality by 2050 in June 2019. However, some European countries, among them Poland, have not signed up yet. With a聽new sustainable finance strategy, Germany's government furthermore hopes to better align financial policies with climate targets. At an industry summit in Frankfurt, a government representative said sustainable finance should take centre stage in international forums in order to reach a "global consensus."