In short: On 11 December 2019, the European Commission presented the European Green Deal, a roadmap to make the EU climate neutral by 2050, with actions on energy, industry, buildings, transport, food and biodiversity.
What are the Green Deal’s main goals?
- Climate neutrality by 2050
- A clean, circular economy
- Protection of biodiversity and ecosystems
- A just transition for all regions
How will it affect businesses?
The Green Deal led to new laws on climate targets, sustainable finance, sustainability reporting and product design, affecting companies inside and outside the EU.
Key takeaways
- The Green Deal targets EU climate neutrality by 2050.
- It drives new regulation across sectors.
- Suppliers to the EU are also affected.
Frequently asked questions
Is the Green Deal a law?
It is a policy roadmap implemented through many laws, such as the European Climate Law.
Does it apply to non-EU suppliers?
Indirectly, through supply chain and product requirements.
What is the circular economy?
An economic model that keeps products and materials in use for as long as possible.