The European Green Deal is a comprehensive plan announced by the European Union in December 2019 (LINK) that aims to make the EU’s economy more sustainable and address the challenges of climate change and environmental degradation.
The main objectives of the Green Deal are to:
To achieve these goals, the European Green Deal proposes a range of policies and initiatives, including:
Overall, the European Green Deal represents a comprehensive effort by the EU to transition to a more sustainable, low-carbon, and circular economy that protects the environment, promotes economic growth, and benefits all citizens.
The European Green Investment Plan:
The European Green Deal Investment Plan (EGDIP), also referred to as Sustainable Europe Investment Plan (SEIP), is the investment pillar of the Green Deal. To achieve the goals set by the European Green Deal, the Plan will mobilise at least €1 trillion in sustainable investments over the next decade. Part of the plan, the Just Transition Mechanism, will be targeted to a fair and just green transition. It will mobilise at least €100 billion in investments over the period 2021-2027 to support workers and citizens of the regions most impacted by the transition: