 It's a real pleasure for us to be joined today by Dr Dunga Metzger, he is Director in DG Klima in the European Commission, where he is responsible for the European Commission's efforts to tackle climate change domestically at the EU level and at the international level. We're very glad you're able to join us today. Thank you very much. So in December last year the Commission presented its plan for the European Green Deal and the Commission hopes that this very transformative document will form the basis of EU climate action policy over the coming years. What are some of the headline ambitions of the European Green Deal? I think you look at climate change, the headline ambition is really to start making Europe the first climate neutral continent by the year 2050. So the Green Deal in Europe is the first chapter towards implementation. And what it means is that you will have to act on all major sectors of the economy, whether it is the energy sector, whether it's the industrial sector, whether it's mobility. You will have to move the industry towards circular economy. We will have to up our targets on climate change up to now it's minus 40% by 2030. So we will look at 50 or perhaps 55% emission reductions. We will look at the overall of the emissions trading system of all the regulations that cover and touch on greenhouse gas emissions. So whether it's the standards for cars in the future. But apart from that it's also biodiversity that we want to tackle and other forms of pollution in Europe. So there will also be a biodiversity strategy and there will be a strategy to reduce pollution from chemicals or from pesticides in Europe in the coming decade. That's a hugely wide-ranging plan. And there's a significant economic component to the Green Deal. President von der Leyen has described it as a new growth strategy for the EU. What kind of opportunities will it present for European citizens and businesses? I think it will present huge opportunities because in order to get to a climate neutral economy in Europe by 2050 you need to have massive investments into the economy. And let's start with the citizens. So if you look at housing for instance it means deep renovation of houses. So houses will become much more comfortable in the future. The energy bill of the houses will go down drastically and dramatically if you renovate those houses. You look at mobility. The car of the future is a car that doesn't pollute, is a car that is not noisy and is a car that might take you on your own. It gives you more time, a connected car. So it's smart mobility what citizens are going to have. And in order to get there you need to have an industry that is producing all these new wonderful things and gadgets and that presents a huge opportunity for industry. If we in Europe lead then we create lead markets for those new products. And that's not only cars. But across all the industry whether it is chemicals that we at the moment produce from oil we will produce them from biomass for instance. So the farmers will also benefit through increased use of biomass in industrial sectors. So there's plenty of opportunities there. And if you're at this to become a leader as you said in some of these new and emerging sectors significant levels of investment will be required. The EIB has obviously already spoken about its ambition to become Europe's climate bank. But how is the commission trying to encourage the private sector to contribute to the European Green Deal? I think there's two ways of doing this. One is definitely by regular toy action. So we have a carbon price in Europe and a carbon price that is going to increase in the coming years and that is going to make certain products competitive in the market. So that will help industry to bring the clean products to the market. But then we will also try to help on the side of investments. So when we invest into new industries to help via the European Investment Bank with using as little public money as possible and trying to leverage as much as possible private finance to generate these investments. Third angle is of course there's the private investor who at present point in time is not quite sure what his money is going to be used for. So to also have a good taxonomy on what is a green investment what is a sustainable investment in the future will help for the ones who own the capital to make the right decisions to invest in the right type of funds and hopefully these are going to be more and more green funds. And Jess we've talked about the opportunities for citizens, for investors, implementing the Green Deal will inevitably also entail significant challenges for certain regions, sectors. In Ireland the agricultural sector is traditionally a high contributor to our net emissions. How does the Commission propose supporting farmers and others in transitioning to greener forms of production? I think in Europe we have what's called the Common Agriculture Policy and what is foreseen for the next seven years is to spend about 40% on climate-relevant expenditure when it comes to the Common Agriculture Policy and with that we want to support the right farming methods like precision farming that will help to reduce the amount of inputs some of which goes into the atmosphere as emissions. We want to help farmers to also create new markets for replacing materials that come from fossil fuels at the moment whether it is biofuels, whether it's the energy we use to produce electricity or whether it's the feedstock in the chemical industry or even if you look at the fabric instead of using synthetic fibres we can use natural fibres and they can come from also European agriculture or European forestry. So there are ample opportunities that we can grasp. But we also know that there are particular challenges because some people might lose their jobs and entire industries might go. Just think of coal. I think here Europe is ready to support regional development to find new businesses, to find new jobs for these regions to make the transition into a clean future and not to leave those people behind. Thank you very much. It's been a real pleasure and we look forward to welcoming you again one time to the institute. Thank you very much.