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By European Commission
A European Green Deal Striving to be the first climate-neutral continent
Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, the European Green Deal will transform the EU into a modern, resource-efficient and competitive economy, ensuring:
- no net emissions of greenhouse gases by 2050
- economic growth decoupled from resource use
- no person and no place left behind
The European Green Deal is also our lifeline out of the COVID-19 pandemic. One third of the 1.8 trillion euro investments from the NextGenerationEU Recovery Plan, and the EU’s seven-year budget will finance the European Green Deal.
The European Green Deal provides an action plan to:
- boost the efficient use of resources by moving to a clean, circular economy
- restore biodiversity and cut pollution
The plan outlines investments needed and financing tools available. It explains how to ensure a just and inclusive transition.
The EU aims to be climate neutral in 2050. We proposed a European Climate Law to turn this political commitment into a legal obligation.
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 those that are most affected by the move towards the green economy. This is called the Just Transition Mechanism. It will help mobilise at least €100 billion over the period 2021-2027 in the most affected regions.
FACTS AND FIGURES at the link