EU Green Deal

The European Commission’s roadmap for net zero emissions by 2050

The EU Green Deal is a legislative and regulatory action plan proposed by the EU Commission to achieve the EU’s target of net zero by 2050 and to transition the EU economy to a more sustainable model.

The deal is financed by the European Green Deal Investment Plan, designed to mobilise at least €1 trillion worth of public and private investment over the next decade.

Read our latest insights on some of the key aspects of the EU Green Deal and how this may impact your business.

 

Latest insights

EU Green Deal and Maritime Fuel

EU Green Deal and Maritime Fuel

As we reported here, in July 2021, the EU published its update to the ‘green deal’, known as “Fit for 55” in reference to the 55% reduction in carbon emissions targeted for 2030.

Global | Publication | October 26, 2021
EU ETS and Shipping

EU ETS and Shipping

On 14 July, the EU Commission’s draft legislation to update the Green Deal, “Fit for 55” (referring to the 55% target reduction in carbon emissions by 2035) was released, containing a number of proposals which could impact the maritime sector.

Global | Publication | October 26, 2021
The time for electricity storage in Greece has arrived

The time for electricity storage in Greece has arrived

Increasingly, Greece’s transition to a low carbon economy and towards a new energy model is assuming a higher priority; the country’s ambitious climate action and energy plans include reducing greenhouse gas (GHG) emissions, increasing the renewable energy share (of the nation’s gross total energy consumption) and improving energy efficiency generally. Electricity storage plays an important role in the transition to a low carbon economy and drives energy efficiency while at the same time allowing the integration of more renewable energy sources into the electricity system.

Global | Publication | July 26, 2021
The EU’s Green Deal proposals for aviation and the UK Decarbonising Transport Plan: Initial thoughts

The EU’s Green Deal proposals for aviation and the UK Decarbonising Transport Plan: Initial thoughts

As the global aviation industry looks towards post-pandemic recovery and less turbulent skies, it is the topic of decarbonisation that is increasingly top of everyone’s agenda. There have been a number of eye-catching announcements around the world in recent weeks, from United Airlines announcing its intention to purchase 100 electric aircraft, an increased focus on the use of sustainable aviation fuel (SAF) from several airlines, and Korean Air utilising the green bond markets.

Global | Publication | July 20, 2021
European Commission publishes legislative proposal on European green bonds

European Commission publishes legislative proposal on European green bonds

On 6 July 2021, the European Commission published a legislative proposal on European green bonds (the EuGB Regulation). The EuGB Regulation will lay the foundation for a common framework of rules regarding the use of the “European Green Bond” (EuGB) designation for bonds that pursue environmentally sustainable objectives as defined by the Taxonomy Regulation. It also sets up a system for registering and supervising companies that act as external reviewers for green bonds aligned with the EuGB framework.

Global | Publication | July 07, 2021
The EU Green Deal explained

The EU Green Deal explained

The European Union’s (EU) Green Deal is the EU’s main new growth strategy to transition the EU economy to a sustainable economic model.

Global | Publication | April 13, 2021

Related content

Inside COP27

Inside COP27

COP27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) will take place in Sharm El-Sheikh, Egypt on 7-18 November 2022.

Global | Publication | September 28, 2022
Energy transition

Energy transition

While global demand for energy continues to rise, increasing pressure to support the decarbonisation of the industry has spearheaded radical change.

Global | Publication | June 07, 2022
Dutch court orders Shell to reduce CO2 emissions

Dutch court orders Shell to reduce CO2 emissions

On May 26 2021, the district court of The Hague rendered a ground-breaking judgment in collective action proceedings initiated by several non-governmental organizations (including Friends of the Earth (Milieudefensie)) (the NGOs) against Royal Dutch Shell plc (Shell). The NGOs claimed, in short, that Shell had to reduce its overall CO2 emissions by at least 45% from 2019 levels, by the end of 2030 (the Target Reduction). The court ruled in favour of the NGOs and ordered Shell to reach the Target Reduction (the Shell Case). This is stated to be the first time that a court ordered a company to reduce its CO2 emissions in line with the climate goals included in the Paris Agreement.

Global | Publication | June 16, 2021
Responsible Business

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Anne Lapierre
Anne Lapierre
Global Head of Energy
T: +33 1 56 59 52 90
anne.lapierre@nortonrosefulbright.com
Klaus Bader
Klaus Bader
Head of Munich
T: +49 89 212148 308
klaus.bader@nortonrosefulbright.com
Charles Whitney
Charles Whitney
Head of Energy, Europe, Middle East and Asia; Partner
T: +44 20 7444 3171
charles.whitney@nortonrosefulbright.com
Matthijs van Leeuwen
Matthijs van Leeuwen
Counsel
T: +31 20 462 9313
matthijs.vanleeuwen@nortonrosefulbright.com
Penny Cygan-Jones
Penny Cygan-Jones
Knowledge Director, Advisory
T: +44 20 7444 2639
penny.cygan-jones@nortonrosefulbright.com

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