Edukemy Gazette

European Green Deal

European Green Deal

In News: The European Commission president has announced a plan to boost subsidies and tax breaks for clean-tech companies in the face of US and Chinese competition.

About European Green Deal

  • The European Commission's 'European Green Deal' is a roadmap for making the EU's economy sustainable by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.
  • It provides a roadmap with actions to boost the efficient use of resources by moving to a clean, circular economy and stop climate change, revert biodiversity loss and cut pollution.
  • Also, It outlines investments needed and financing tools available, and explains how to ensure a just and inclusive transition.
  • The deal covers all sectors of the economy, notably transport, energy, agriculture, buildings, and industries such as steel, cement, ICT, textiles and chemicals.


EU unveils green industrial plan to counter US and Chinese competition


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