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Home ESG Knowledge

EU Releases Report on European Green Deal

by TodayESG
in ESG Knowledge, ESG Research, Europe
EU

EU

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  • Report on European Green Deal
  • Introduction to the European Green Deal
  • Progress on European Green Deal

Report on European Green Deal

The EU releases a report on European Green Deal, aimed at analyzing the progress of the European Green Deal.

This report analyzes 154 quantifiable targets from 2019 to 2024, all of which are closely related to the European Green Deal.

Related Post: WEF Issued a White Paper on European Green Deal

Introduction to the European Green Deal

The European Green Deal outlines the EU’s strategy to achieve climate neutrality by 2050, which includes reducing greenhouse gas emissions by 55% by 2030 (based on 1990). In February 2024, the European Union proposed adding a mid-term goal to reduce greenhouse gas emissions by 90% by 2040. The European Green Deal is directly related to the United Nations Sustainable Development Goals (UN SDGs).

The European Green Deal aims to balance social development and economic growth in a fair and inclusive manner and drive the EU towards green and prosperous development. Although the legislative framework has been established, member states still need to take action to shift towards sustainable production and consumption to achieve short-term goals by 2030 and long-term goals by 2050.

Progress on European Green Deal

The European Green Deal involves multiple policies in different fields, each with different goals. To evaluate the progress of the European Green Deal, the EU extracts the targets from these policies and classifies them. This report categorizes all objectives into seven types:

  • 24 goals for Climate Ambition.
  • 34 goals for Clean, Affordable, and Secure energy.
  • 35 goals for Industrial Strategy and Circular Economy.
  • 24 goals for Sustainable and Smart Mobility.
  • 7 goals for Common Agricultural Policy and the Farm to Fork Strategy.
  • 33 goals for Preserving and Protecting Biodiversity.
  • 14 goals for Zero-pollution.

Based on the above classifications, the EU analyzes a total of 156 quantifiable goals (two of which belong to both agriculture and biodiversity), and their relationship with the United Nations Sustainable Development Goals is as follows:

European Green Deal and UN SDGs
EU Green Deal and UN SDGs

The EU finds that 62% of all targets are in progress, with 21% well on track. For legally binding targets, 48% are in continuous action. There are 15 targets that are in a stagnant or reversing trend, and 43 targets that cannot be measured due to lack of data.

In different categories, 31% and 29% of the targets for the circular economy and agriculture categories are progressing smoothly, respectively. 21% of the targets in the biodiversity category and 17% in the sustainable transportation category are either stagnant or reversing, requiring timely action. The least amount of data is available for biodiversity and pollution categories, with 45% and 35% respectively unable to measure.

European Green Deal Progress
EU Green Deal Progress

Reference:

Delivering the EU Green Deal
Contact:todayesg@gmail.com

Tags: EnglishEUSustainable Development
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