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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.

Source:

EU unveils green industrial plan to counter US and Chinese competition

 

Image source:

https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52019DC0640&from=ET

 

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