What’s EU’s ‘Green Deal’, and how can it jumpstart the European economy?

Degradation of the environment and climate change is a real threat to Europe and the entire world. To conquer these problems, Europe requires a new growth plan that can remodel the EU into a modern, resource-efficient, and an economy where there are no net discharges of greenhouse gases by 2050, where Eco-economic decoupling from asset use will not leave any individual or place behind.

The European Green Deal is a roadmap toward reshaping the EU’s economy. It will be achieved by transforming the climate and environmental challenges into possibilities beyond all policy domains and designing a smooth and comprehensive transition for all.

Nature has a natural way to balance the CO2 in the atmosphere, whereas humans don’t play by the same rules that nature does. When industries extract, refine, or humans use transport and burn fossil fuels like coal, natural gas, and oil, it releases extra carbon and other greenhouse gasses into the atmosphere. Cutting down forests and trees makes it even more difficult for our planet to maintain the CO2 balance.

European Green Deal proposes to modify the EU from a high-to a low-carbon emission economy. Green Deal will improve people’s quality of life with cleaner air and water, better health, and a flourishing natural world.

On 28 April, The European Renewable Energies Federation (EREF) urged Europe to increase its endeavors to decarbonize even during the COVID-19 pandemic.

In its announcement, the EREF urged world leaders to “intrinsically join” in collecting a recovery stimulus packages towards the Green Deal initiative. It encouraged nations to work together on restarting economies with an emphasis on sending sustainable renewable energies across all sectors. The group said that incorporating funds for the Green Deal would bring about direct investments in developing new technologies for carbon-neutral solutions.

The European commission president, Ursula von der Leyen, in Dec 2019, introduced Green Deal as a “Europe’s man on the moon moment.” She pledged to leave nobody behind in the competition to accomplish a low-carbon emission economy by 2050.

European Green Deal provides a roadmap where almost every significant part of the European economy could be renewed. The EU will likewise offer monetary aid and technical assistance to support businesses, people, and regions to move towards the green economy.

On 28 April, The European Renewable Energies Federation (EREF) expressed that the most profitable and less costly move to revive the global economy during the coronavirus pandemic would be the utilization of ‘Green Deal.’

Article Credit:ReNews.Biz/Reuters/The Guardian/Climate HomeNews

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