The EUropean Green Deal is a comprehensive climate and environmental policy package announced by the European Union (EU) in December 2019. It serves as a roadmap for securing the long-term sustainability of the European economy, with the overarching goal of transforming the EU into a modern, resource-efficient, and competitive society.
Faced with the escalating challenges of global climate change and environmental degradation, Europe recognized the need for a strategic framework to transition toward a more competitive and sustainable economy. In response, the EU launched the European Green Deal in December 2019, establishing a set of core objectives: achieving Net Zero — reducing net greenhouse gas emissions to zero by 2050 — decoupling economic growth from resource consumption, and ensuring that no citizen or region is left behind in the transition.
[European Green Deal ⓒESG.ONL]
The action plan underpinning these goals centers on transitioning to a clean and circular economy that uses resources efficiently, while working to restore biodiversity and reduce environmental pollution.
The European Green Deal also addresses the scale of investment required and the mechanisms for financing it, alongside measures to guarantee a just and inclusive transition. In March 2020, the EU provided a legal foundation for these commitments through the European Climate Law. Delivering on these ambitions requires a coordinated set of actions: investing in clean technologies, supporting industries in driving innovation, introducing affordable and eco-friendly transportation options that benefit public health, and decarbonizing the energy sector.
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