The two major powers within the European Union said the climate policy is a "blueprint for a prosperous, resilient economy on the way to carbon neutrality" by 2050.
It gives a huge boost to the deal and the Climate Law – which would legislate for climate neutrality in the Europan Union by 2050 – which was introduced by the Commission in early March, ahead of Germany's EU Council presidency in July-December 2020.
In their joint statement, France and Germany highlighted a number of components of the Green Deal, which should be considered, including the introduction of a minimum carbon price, as well as supporting small- and medium-sized enterprises (SMEs) and start-ups that are working on decarbonising the economy.
The countries also said the European Investment Bank will "take an ever more important role in combatting the economic setback due to the Covid-19 pandemic".
Elsewhere, France and Germany also want to see the EU support international efforts in the recovery and green transition.
"The long-term temperature goal of the Paris Agreement will only be reached if international
partners join the EU in pursuing an ambitious climate policy. Therefore, France and Germany
will work towards the formation and strengthening of ambitious climate coalitions," the joint statement read.
In mid-May, MEPs approved a resolution, calling for the European Commission to place environmental policy at the heart of a forthcoming coronavirus recovery plan and post-2020 budget proposal.
"We need an ambitious recovery plan, of at least €2 trillion, primarily through grants, not loans, that has to be in place as soon as possible," said Simona Bonafè, vice-president of the Socialists & Democrats group.