European Green Deal

How it is used

Often shortened to 'the Green Deal'. It includes the 'Fit for 55' package, a stronger EU ETS, CBAM, the circular economy action plan and new biodiversity rules. Exporters to the EU follow it closely because it changes product, reporting and carbon requirements.

Example sentences

1. Many Turkish exporters are adapting their production to the requirements of the European Green Deal.

2. The European Green Deal set the goal of climate neutrality by 2050.

Common collocations

• under the European Green Deal
• Fit for 55
• climate neutrality
• Green Deal Action Plan

Related terms

• Carbon Border Adjustment Mechanism (CBAM)An EU measure that puts a carbon price on certain imports, such as steel, cement, aluminum and fertilizers, based on the emissions released when they were produced.
• emissions trading system (ETS)A market-based scheme that sets a cap on total emissions and lets companies buy and sell allowances, each giving the right to emit one tonne of CO2 or its equivalent.
• circular economyAn economic model that keeps products and materials in use for as long as possible through reuse, repair, remanufacturing and recycling, instead of making, using and throwing away.
• net zeroA state in which the greenhouse gases a country or company still emits, after deep emission cuts, are balanced by the same amount being removed from the atmosphere.
• Paris AgreementThe international climate treaty adopted in 2015 under the UN climate convention, in which countries agreed to keep global warming well below 2°C and to try to limit it to 1.5°C.

More terms: Environmental Policy and Law

• environmental permit
• polluter pays principle
• carbon pricing
• carbon tax
• nationally determined contribution (NDC)
• COP
• phase out
• extended producer responsibility (EPR)