The European Climate Pact is an initiative of the European Commission supporting the implementation of the European Green Deal. It is a movement to build a greener Europe, providing a platform to work and learn together, develop solutions, and achieve real change.

The Pact provides opportunities for people, communities, and organizations to participate in climate and environmental action across Europe. By pledging to the Pact, European stakeholders commit to taking concrete climate and environmental actions in a way that can be measured and/or followed up. Participating in the Pact is an opportunity for organizations to share their transition journey with their peers and collaborate with other actors towards common targets.

Climate neutrality by the year of 2050 is the main goal of the European Green Deal. For the EU to reach their target of climate neutrality, one goal is to decarbonise their energy system by aiming to achieve “net-zero greenhouse gas emissions by 2050.” Their relevant energy directive is intended to be looked over and adjusted if problem areas arise. Many other in place and present regulations will also be reviewed. In 2023, the Member states will update their climate and national energy plans to adhere to the EU's climate goal for 2030. The key principles include:
• to “prioritise energy efficiency”
• to “develop a power sector based largely on renewable resources”,
• to secure an affordable EU energy supply
• and to have a “fully integrated, interconnected digitalised EU energy market.”
In 2020, the European Commission unveiled its strategy for a greener, cleaner energy future. The EU Strategy for Energy System Integration serves as a framework for an energy transition, which comprises measures to achieve a more circular system, and measures to implement greater direct electrification as well as to develop clean fuels (including hydrogen ). The European Clean Hydrogen Alliance has also been launched as hydrogen has a special role to play in this seismic shift.

By 2023, greentech was one of the few sectors in the EU where venture capital investments matched those in the United States, highlighting the impact of the EU's ambitious climate goals and government subsidies. The European Green Deal and accompanying government policies have driven substantial investment in greentech, particularly in areas like energy storage, circular economy initiatives, and agricultural technology. This focus has enabled the EU to close the existing investment gap with the US in these strategic sectors.
Another target area to achieve the EU's climate goals is the introduction of the Circular Economy Industrial policy. In March 2020, the EU announced their Industrial Strategy with its aim to “empower citizens, revitalises regions and have the best technologies.” Key points of this policy area include boosting the modern aspects of industries, influencing the exploration and creation of “climate neutral” circular economy friendly goods markets. This further entails the “decarbonisation and modernisation of energy-intensive industries such as steel and cement.”

A ‘Sustainable products’ policy is also projected to be introduced which will focus on reducing the wastage of materials. This aims to ensure products will be reused and re…

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The main aim of the European Green Deal is to become climate neutral by the year of 2050. The reasons pushing for the plan's creation are based upon the environmental issues such as climate change, a loss of biodiversity, ozone depletion, water pollution, urban stress, waste production and more. The following statistics highlight the climate related issues within the European Union:
• In regards to climate change, carbon dioxide levels are predicted to double by the year of 2030 with Europe's temperature expected to increase by 2-3 °C in the summer season.
• Europe is responsible for nearly one third of the world's gas emissions that deplete the ozone.
• More than 50% of all surface area where ecosystems are in Europe are presented with threats from management problems and stresses.
• On average, 700,000 hectares of woodland are burnt annually by fires “often caused by socioeconomic factors” within the European Union, leading to the degradation of forests.
• More than 75% of greenhouse gas emissions are related to the production and use of energy within the EU.
• Positive of renewable resources- Renewable resources sourced 17.5% of the EU's gross energy consumption in 2017.
• Studies showed that from the year of 1970 to 2017, the world's yearly extraction of resources tripled. This process is responsible for 90% of all loss in biodiversity.
• The European Union's current industry is responsible for 20% of their greenhouse gas emissions.
• The current resources that originate from recycling methods is 12% within the European Union's industry.
• The building and renovation methods used by the European Union use 40% of all energy consumed.
• Within the European Union, “20% of food production is wasted” whilst “36 million of the population are unable to have quality meal every second day.”
• From the 50,000 industrial locations in the EU, up to €189 billion is spent on health issues related to pollution from these installations.
• 25% of Greenhouse gas emissions result from transportation methods. Road transport takes 71.7% of this total, followed by 13.9% from Aviation, 13.4% from Water, with railways and other accumulating the remainder.
• The Single European Sky strategy is predicted to help reduce 10% of aviation emissions.
• Within the EU, €40 trillion depends on nature and its resources.

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