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WHAT IS THE EUROPEAN GREEN DEAL?

WHAT IS THE EUROPEAN GREEN DEAL?

Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, Europe needs a new growth strategy that transforms the Union into a modern, resource-efficient and competitive economy where

 

  • there are no net emissions of greenhouse gases by 2050
  • economic growth is decoupled from resource use
  • no person and no place is left behind

 

The European Green Deal is our roadmap for making the EU's economy sustainable. This will happen by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.

The European Green Deal provides a roadmap with actions to boost the efficient use of resources by moving to a clean, circular economy restore biodiversity and cut pollution. It outlines investments needed and financing tools available, and explains how to ensure a just and inclusive transition. The EU will be climate neutral in 2050. To do this, we proposed a European Climate Law turning the political commitment into a legal obligation and a trigger for investment. Reaching this target will require action by all sectors of our economy, including investing in environmentally-friendly technologies supporting industry to innovate rolling out cleaner, cheaper and healthier forms of private and public transport decarbonising the energy sector ensuring buildings are more energy efficient working with international partners to improve global environmental standards The EU will also provide financial support and technical assistance to help people, businesses and regions that are most affected by the move towards the green economy. This is called the Just Transition Mechanism and will help mobilise at least €100 billion over the period 2021-2027 in the most affected regions.