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

The European Commission’s Net-Zero Industry Act and European Hydrogen Bank explained

The European Commission’s Net-Zero Industry Act and European Hydrogen Bank explained

The European Commission published proposals for its Net-Zero Industry Act (NZIA) on 16th March 2023.

Global | Publication | March 27, 2023
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

EU Green Deal aviation proposals and UK Decarbonising Transport Plan

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

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Road to COP29: Our insights

The 28th Conference of the Parties on Climate Change (COP28) took place on November 30 - December 12 in Dubai.

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Energy transition: Transforming change into opportunity

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

Global | Publication | January 03, 2023
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
eMobility

eMobility

We are committed to helping our clients evolve and thrive as the world changes.

Global | Publication | September 21, 2020
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Responsible Business

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Klaus Bader
Klaus Bader
Partner
Email
klaus.bader@nortonrosefulbright.com
T: +49 (173) 3537483
Charles Whitney
Charles Whitney
Head of Energy, Europe, Middle East and Asia; Partner
Email
charles.whitney@nortonrosefulbright.com
T: +44 (20) 74443171
Matthijs van Leeuwen
Matthijs van Leeuwen
Legal Consultant
Email
matthijs.vanleeuwen@nortonrosefulbright.com
T: +31 (20) 4629313

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Recent publications

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Publication

ECJ confirms public tenders’ restrictions for companies from third countries with no procurement agreement with the EU

EU Member States may allow companies from countries that have not concluded an agreement guaranteeing equal and reciprocal access to public procurement (public procurement agreement) with the EU to participate in public tenders, provided there is no EU act excluding the relevant country.

Global | November 15, 2024

Antitrust and competition
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Publication

Has the Budget finally levelled the playing field for UK Islamic finance?

Cricket players will tell you that whether a pitch is easy to bat on is not dictated by how much the balls bounce or turn, but rather, whether they do so consistently.

United Kingdom | November 15, 2024

Islamic finance

Publication

Ireland

On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.

Global | November 13, 2024

Antitrust and competition
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