home overview funding

A European Green Deal

Target group

SMEs, Large Enterprises, Government, Cities, Communities & NGOs, Knowledge Centers

Type of funding

Grant, Loans & Investments

Project type

Research, Innovation, Growth, Infrastructure

Area

Agriculture and forestry, Bio-based Industries, Biotechnology, Energy, Environment & Climate Action, Food & Healthy Diet, Funding Researchers, ICT Research & Innovation, Innovation, Oceans and seas, Research Infrastructures, SMEs, Social Sciences and Humanities, Society, Transport, Manufacturing

Info last updated 1 year ago

Summary

The European Green Deal is the roadmap for making the EU's economy sustainable.

Budget

Mobilising at least €1 trillion of investments over the course of 10 years

Official information source

https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_...

Description

More information for Flanders can be found on the NCP Flanders website: https://www.ncpflanders.be/funding-by-horizon/greendeal

A European Green Deal

Striving to be the first climate-neutral continent

Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, the European Green Deal will transform the EU into a modern, resource-efficient and competitive economy, ensuring:

no net emissions of greenhouse gases by 2050
economic growth decoupled from resource use
no person and no place left behind

The European Green Deal is also our lifeline out of the COVID-19 pandemic. One third of the €1.8 trillion investments from the NextGenerationEU Recovery Plan, and the EU’s seven-year budget will finance the European Green Deal.

The European Commission has adopted a set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. More information on Delivering the European Green Deal.

Highlight

COP28 outcome: Transitioning away from fossil fuels and reducing global emissions by 43% by 2030

13 December 2023 – A deal was reached at the COP28 UN Climate Change Conference in Dubai to accelerate emission reductions towards net zero by 2050, with urgent action in this critical decade. This includes an agreement to transition away from fossil fuels and to reduce global emissions by 43% by 2030. Additionally, world leaders have committed to tripling renewable energy capacity and doubling the rate of energy efficiency improvements by 2030. As climate adaptation is becoming increasingly important, the European Union is dedicating record amounts of money to financing the international climate transition.