What is EU Green Deal?
The EU Green Deal is a comprehensive set of policy initiatives by the European Commission with the overarching aim of making the European Union climate neutral by 2050. It outlines a roadmap of deeply transformative policies across various sectors, including energy, industry, transport, food, and biodiversity, to tackle climate change and environmental degradation.
Why is EU Green Deal important?
The EU Green Deal is important because it represents Europe's commitment to becoming the first climate-neutral continent, setting an ambitious global precedent. It drives legislative action, unlocks significant investment in green technologies, and aims to ensure a just and inclusive transition, fundamentally reshaping the European economy and society towards sustainability.
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Frequently asked questions
Its pillars include climate action (e.g., Fit for 55), circular economy, biodiversity protection, zero pollution, sustainable food systems (Farm to Fork strategy), sustainable transport, and financing sustainable investments.
The Green Deal provides the policy framework to achieve the EU's legally binding climate targets, including a 55% net reduction in greenhouse gas emissions by 2030 (compared to 1990) and climate neutrality by 2050.
Yes, through mechanisms like the Carbon Border Adjustment Mechanism (CBAM) and requirements for supply chain due diligence, the Green Deal will have significant implications for non-EU companies trading with or operating in the EU.