author_ey
EY

Share This Article

European Commission publishes proposal for a “Green Deal Industrial Plan for the Net-Zero Age”

07 February 2023

|

Tax Alerts, Legislation & Policy, Na...

|

European Union

The European Commission presented its proposal for a “Green Deal Industrial Plan for the Net-Zero Age” on 1 February 2023.Areas covered by the plan include simplification of the regulatory environment, funding, skills, and trade. Businesses should monitor developments, understand implications and identify potential funding opportunities for net-zero innovation projects.Executive summaryThe European Green Deal and European Climate Law commits Europe to meeting climate-neutrality goals by 2050 and reducing greenhouse gas emissions by 55% from 1990 levels by 2030. More recently REPowerEU was introduced to reduce reliance on Russian fossil fuel, provide clean and affordable energy for all and further accelerate the...