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You may have heard of it: the European Green Deal (EGD). It is the most ambitious package of policies and initiatives to combat climate change and prevent biodiversity loss in the world. It is the response of the European Union (EU) to the global climate emergency. The EGD is a package of policies that define Europe's strategy to achieve zero net emissions and become a resource-efficient economy by 2050. The EGD will affect all sectors of the economy. In addition, suppliers from non-EU countries will also be affected.
The EGD includes more than 50 policy initiatives and will be financed with more than 1 billion euros. EGD policies will change the way goods are produced and consumed. This means that goods sold on the EU market, including imports from third countries, will have to meet higher environmental and sustainability standards. Many policies have already been adopted since the launch of the EGD and some important decisions will be made in the coming year.
