{"id":33872,"date":"2023-07-03T03:56:54","date_gmt":"2023-07-03T03:56:54","guid":{"rendered":"https:\/\/merlinsourcing.com\/?p=33872"},"modified":"2024-06-28T06:57:09","modified_gmt":"2024-06-28T06:57:09","slug":"how-the-european-green-deal-is-driving-sustainable-economic-growth","status":"publish","type":"post","link":"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/","title":{"rendered":"How the European Green Deal is Driving Sustainable Economic Growth?"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"33872\" class=\"elementor elementor-33872\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-74f3442 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74f3442\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-widget-wrap elementor-element-populated elementor-element elementor-element-ee988d0\" data-id=\"ee988d0\" data-element_type=\"column\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-631b55f elementor-widget elementor-widget-text-editor\" data-id=\"631b55f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The climate and environmental degradation caused by human activities worldwide have brought our planet close to the verge of an existential crisis. Thus, addressing these challenges demands a united effort and buy-in from every individual.\u00a0<span style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: -0.015em;\">In this view, \u2018The European- Green Deal\u2019 has emerged as a significant attempt to embrace more ecologically friendly practices in Europe at a scale that can impact both present and future generations.<\/span><\/p><p>To begin with, let&#8217;s get to know\u00a0the &#8220;Green Deal&#8221; in more detail.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_61 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" >Inhaltsverzeichnis<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/#What_is_the_%E2%80%98European_Green_Deal\" title=\"What is the \u2018European Green Deal\u2019?\">What is the \u2018European Green Deal\u2019?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/#What_is_the_goal_of_the_European_Green_Deal\" title=\"What is the goal of the European Green Deal?\">What is the goal of the European Green Deal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/#Proposals_and_policies_of_the_European_Green_Deal\" title=\"Proposals and policies of the European Green Deal\">Proposals and policies of the European Green Deal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/#What_are_the_benefits_of_the_EU-Green_Deal\" title=\"What are the benefits of the EU-Green Deal?\">What are the benefits of the EU-Green Deal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/#Importance_of_Sustainable_Procurement_in_the_European_Green_Deal\" title=\"Importance of Sustainable Procurement in the European Green Deal\">Importance of Sustainable Procurement in the European Green Deal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/merlinsourcing.com\/de\/blog\/how-the-european-green-deal-is-driving-sustainable-economic-growth\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_%E2%80%98European_Green_Deal\"><\/span><strong><em>What is the \u2018European Green Deal\u2019?<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Green Deal, often known as the EU Green Deal, is a plan for making the economy of the European Union sustainable. It was unveiled on 11 December 2019\u00a0by Ursula von der Leyen, President of the European Commission.<\/p><p>This bold strategy for addressing climate change has\u00a0a final\u00a0objective for\u00a0Europe to achieve carbon neutrality by 2050. \u00a0The European Green Deal intends to increase resource efficiency, curb climate change, stop biodiversity loss, and minimize pollution by switching to a clean, circular economy. \u00a0It describes achieving an equitable and inclusive transition, sketches the investments required, and lists the available financing tools.\u00a0<\/p><p>All economic sectors are included in the European Union Green Deal, including those related to transportation, energy, agriculture, construction, and industries including steel, cement, ICT, textiles, and chemicals.<\/p><h2><span class=\"ez-toc-section\" id=\"What_is_the_goal_of_the_European_Green_Deal\"><\/span><strong><em>What is the goal of the European Green Deal?<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The European Green Deal outlines a strategic roadmap with milestones emphasizing political efforts for green\u00a0energy and environmental revolution. The following objectives are part of its strategy, which have\u00a0the complete backing of the governments of Germany, France, and Spain:<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33874\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-01.png\" alt=\"Objectives of European Green Deal\" width=\"1200\" height=\"628\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-01.png 1200w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-01-300x157.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-01-1024x536.png 1024w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-01-768x402.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-01-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p><h2><span class=\"ez-toc-section\" id=\"Proposals_and_policies_of_the_European_Green_Deal\"><\/span><strong><em>Proposals and policies of the European<\/em><\/strong><strong><em> Green Deal<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The European Green New Deal includes a wide range of initiatives that support using renewable energy resources,\u00a0advance transport sustainability, and lead the way toward a sustainable, productive, and circular industrial model. Following are the main proposals and policies put forward\u00a0as part of this extensive deal:<\/p><h3><em><strong>1. Climate action<\/strong><\/em><\/h3><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33882\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-01.png\" alt=\"the EU Commission has established milestones such as the 2030 climate objectives, which call for a 55% decrease in greenhouse gas emissions compared to 1990 levels.\" width=\"980\" height=\"400\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-01.png 980w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-01-300x122.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-01-768x313.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-01-18x7.png 18w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><\/p><p>As previously stated, the primary goal of the Europe Green Deal is to design the path for the EU to achieve climate neutrality by 2050. \u00a0This change can be slow since it would have disastrous repercussions. As a result, the EU Commission has established milestones such as the 2030 climate objectives, which call for a 55% decrease in greenhouse gas emissions compared to 1990 levels. This is part of the &#8220;Fit for 55&#8221; package, a set of legislative measures from several industries to revise the current European carbon Law to reflect the EU Green Deal&#8217;s carbon neutrality goal.<\/p><p>The key goals of the &#8220;European green deal Fit for 55&#8221; package are:<\/p><h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33876\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-02.png\" alt=\"Fit for 55 package\" width=\"1200\" height=\"628\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-02.png 1200w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-02-300x157.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-02-1024x536.png 1024w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-02-768x402.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-02-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h3><h3><em><strong>2. Clean Energy<\/strong><\/em><\/h3><p>Energy production and consumption account for <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.eea.europa.eu\/data-and-maps\/indicators\/en01-energy-related-greenhouse-gas-emissions#:~:text=Energy%20production%20and%20consumption%20are,4.4%20%25%20between%201990%20and%202005.\" data-factors-click-bind=\"true\">80%<\/a><\/span> of the EU\u2019s overall greenhouse gas emissions. Hence there is a pressing need to switch to cleaner energy.<\/p><p>The Clean Energy policy seeks to\u00a0minimize\u00a0this statistic by establishing a power industry based mostly on renewable sources, and an integrated, networked, and digitalized EU energy market.<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33877\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-03.png\" alt=\"Clean energy\" width=\"1200\" height=\"628\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-03.png 1200w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-03-300x157.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-03-1024x536.png 1024w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-03-768x402.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-03-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p><h3><em><strong>3. Sustainable Industry<\/strong><\/em><\/h3><p>The industrial sector emits <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.mckinsey.com\/capabilities\/sustainability\/our-insights\/how-the-european-union-could-achieve-net-zero-emissions-at-net-zero-cost\" data-factors-click-bind=\"true\">26%<\/a><\/span> of the greenhouse gases in the European region. As a result, the European green deal\u00a0 could only be complete with a strategy to decarbonize the industrial sector\u00a0and make\u00a0it more sustainable.<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33883\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-02.png\" alt=\"The industrial sector emits 26% of the greenhouse gases in the European region.\" width=\"980\" height=\"400\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-02.png 980w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-02-300x122.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-02-768x313.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-02-18x7.png 18w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><\/p><p>The EU Green Deal contains measures to support the decarbonization efforts, ranging from product sustainability to the availability of raw resources:<\/p><ul><li><a href=\"https:\/\/environment.ec.europa.eu\/strategy\/circular-economy-action-plan_en\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">Circular Economy Action Plan<\/span>:<\/a> The European Green Deal&#8217;s fundamental building block, the circular economy, seeks to alter every phase of the product life cycle to extend its shelf life and protect natural resources. Furthermore, the circular economy&#8217;s guiding principles concentrate on increasing product reusability ,reparability and the continued use of recyclable materials.<\/li><li><a href=\"https:\/\/commission.europa.eu\/strategy-and-policy\/priorities-2019-2024\/europe-fit-digital-age\/european-industrial-strategy_en\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">European Industrial Strategy<\/span>:<\/a> The EU Industrial Strategy aims to accelerate digital transformation, employ alternative and cleaner energy sources, establish recycling goals, and decrease the industry&#8217;s carbon\u00a0footprints.<\/li><\/ul><h3><strong><em>4. Buildings &amp; Renovations<\/em><\/strong><\/h3><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33884\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-03.png\" alt=\"In Europe, buildings utilize around 40% of the country's energy, producing 36% of the continent's total greenhouse gas emissions.\" width=\"980\" height=\"400\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-03.png 980w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-03-300x122.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-03-768x313.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-03-18x7.png 18w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><\/p><p>In Europe, buildings\u00a0utilize\u00a0around <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.eceee.org\/all-news\/news\/eu-to-start-measuring-embodied-carbon-emissions-from-buildings\/\" data-factors-click-bind=\"true\">40%<\/a><\/span> of the country&#8217;s energy, producing <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.eceee.org\/all-news\/news\/eu-to-start-measuring-embodied-carbon-emissions-from-buildings\/\" data-factors-click-bind=\"true\">36%<\/a><\/span> of the continent&#8217;s total greenhouse gas emissions. Because of this, the European Green Deal aims to modernize the building industry to make it more environmentally friendly and double renovation prices to produce more energy-efficient buildings.<\/p><ul><li><a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX%3A52020DC0662&amp;qid=1612868776440\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">Renovation Wave:<\/span><\/a> The Renovation Wave is a building renovation approach that aims to boost energy efficiency. It emphasizes decarbonizing heating and cooling, addressing the worst-performing building stock and renovating public buildings like schools and hospitals.<\/li><li><span style=\"text-decoration: underline;\"><a href=\"https:\/\/single-market-economy.ec.europa.eu\/sectors\/construction\/construction-products-regulation-cpr\/review_en\" data-factors-click-bind=\"true\">Construction Products Regulation:<\/a><\/span> The Construction Products Regulation, which establishes standards for building materials in the Internal Market, is also under revision by the EU Commission. Promoting environmental objectives and product safety could result from the reformed rule.<\/li><\/ul><h3><em><strong>5. Sustainable Mobility<\/strong><\/em><\/h3><p>Transport contributes <a href=\"https:\/\/www.eceee.org\/policy-areas\/transportation\/\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">25%<\/span><\/a> of Europe&#8217;s greenhouse gas (GHG) emissions, and this percentage is rising as demand increases. By 2050, the European Green Deal for Sustainable Mobility aims to drastically cut those emissions by 90% using intelligent, easily accessible, and reasonably priced transport. More environmentally friendly transportation methods will decrease traffic congestion and general pollution in cities. The strategy establishes a variety of milestones for 2030, including:<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33878\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-04.png\" alt=\"Strategy for sustainable and smart mobility\" width=\"1200\" height=\"628\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-04.png 1200w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-04-300x157.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-04-1024x536.png 1024w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-04-768x402.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/infographic-04-18x9.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p><h3><strong><em>6. Elimination of pollution<\/em><\/strong><\/h3><p>The European Union is more equipped than ever to combat pollution with the approval of the <span style=\"text-decoration: underline;\"><a href=\"https:\/\/environment.ec.europa.eu\/strategy\/zero-pollution-action-plan_en\" data-factors-click-bind=\"true\">Zero Pollution Action Plan<\/a><\/span>, a significant European Green Deal deliverable. Three main steps are further broken down into this activity to stop pollution. The first is the chemical strategy for sustainability, which aims to safeguard people and the environment from harmful chemicals. Second, the Zero Pollution Action Plan for Water, Air, and Soilseeks to avoid, correct, monitor, and report pollution. As a last step towards\u00a0realizing\u00a0the EU Green Deal goal, measures to reduce pollution from big industrial sites will be revised to ensure they comply with policies related to climate, energy, and the circular economy.<\/p><h3><strong><em>7. Maintaining biodiversity<\/em><\/strong><\/h3><p>Human activities destroyed an estimated <span style=\"text-decoration: underline;\"><a href=\"https:\/\/eur-lex.europa.eu\/resource.html?uri=cellar:a3c806a6-9ab3-11ea-9d2d-01aa75ed71a1.0001.02\/DOC_1&amp;format=PDF\" data-factors-click-bind=\"true\">60%<\/a><\/span> of the world&#8217;s overall biodiversity in the past 40 years. As extreme weather events hasten the demise of the natural world, biodiversity loss is inextricably related to climate change.<\/p><p>The goal of the <span style=\"text-decoration: underline;\"><a href=\"https:\/\/environment.ec.europa.eu\/strategy\/biodiversity-strategy-2030_en\" data-factors-click-bind=\"true\">Biodiversity Strategy for 2030<\/a><\/span> is to strengthen the capacity of our societies to withstand risks including food shortages, disease outbreaks, climate change, and forest fires. Building a system of protected areas on land and at sea, starting an EU nature restoration plan for restoring damaged ecosystems, bringing funding for biodiversity and improving the governance framework, and launching initiatives to address the global biodiversity challenge are some of the initiatives planned for biodiversity recovery.<\/p><h3><strong><em>8. Farm-to-Fork<\/em><\/strong><\/h3><p>The Green Deal includes the \u2018<a href=\"https:\/\/food.ec.europa.eu\/horizontal-topics\/farm-fork-strategy_en\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">Farm to Fork<\/span>\u2019<\/a> concept, which combines ecological and economic assistance for European farmers and fishers. The strategy contains goals such as attaining 25% organic farming by 2030, lowering pesticide and\u00a0fertilizer\u00a0usage by 50% and 20% by 2030, and implementing labels that indicate the level of sustainability of products.<\/p><h2><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_the_EU-Green_Deal\"><\/span><strong><em>What are the benefits of the EU-Green Deal?<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Green Deal&#8217;s primary objective is to reduce greenhouse gas emissions and stop global warming. Still, there are several advantages for the European countries, its economies, and its population that will result from its implementation as well:<\/p><ul><li>Less\u00a0pollution will\u00a0result\u00a0in cleaner air, water, and soil.<\/li><li>Improved food security, including more healthy and high-quality food options as well as enough food resources for everyone.<\/li><li>The growth of public transit and non-polluting modes of transport will\u00a0make cities more habitable for living.<\/li><li>This will aid in reducing the reliance on fossil fuels and the associated geopolitical problems.<\/li><li>Finally, and most importantly, if Europe succeeds in setting the standard for &#8220;green&#8221; technology, there will be economic development, jobs, and improved prospects for the future generation.<\/li><\/ul><h2><span class=\"ez-toc-section\" id=\"Importance_of_Sustainable_Procurement_in_the_European_Green_Deal\"><\/span><strong><em>Importance of Sustainable Procurement in the European Green Deal<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As\u00a0discussed above, the Green new deal European policies widened the parameters and set new standards for a sustainable European Union economy. Businesses will need to make major adjustments to secure the sustainability of their supply networks. As a result, dealing with them can provide complex issues for companies, particularly those that\u00a0require more\u00a0supply chain sustainability measures.<\/p><p>However, by implementing a <a href=\"https:\/\/bit.ly\/44jAlXB\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">sustainable procurement<\/span>\u00a0<\/a>strategy,\u00a0organizations\u00a0may conform to European Green Deal policies\u00a0while continuing to achieve their business objectives. It can help organizations get the most out of their suppliers by applying sourcing strategy in supply chain management and using sourcing tools for procurement to decrease the social, environmental, and economic impact of an organization&#8217;s business operations.<\/p><p>To promote sustainable procurement, some of the important procurement methods have also evolved\u00a0that can help with the adoption of the European Commission Green Deal:<\/p><ul><li><a href=\"https:\/\/bit.ly\/3Nwcw82\" data-factors-click-bind=\"true\"><em><span style=\"text-decoration: underline;\">Supplier discovery<\/span><\/em><\/a><em>: <\/em>With advanced material requirements, complex regulatory requirements, and increasing sustainability demands, procurement\u00a0organizations\u00a0are constantly looking for new potential suppliers who can assist them with driving sustainability goals. Some include renewable energy adoption, improved waste disposal, and zero-carbon transportation.<\/li><li><em>Beschaffung: <\/em>During the <span style=\"text-decoration: underline;\"><a href=\"https:\/\/bit.ly\/3JyHBqS\" data-factors-click-bind=\"true\">procurement<\/a><\/span> and selection process, businesses adopt a supplier sourcing strategy that necessitates suppliers to adhere to sustainability standards, including ethical governance, respect for workers&#8217; rights, and environmentally friendly\u00a0practices. To control their spending on non-sustainable products and significantly lower their carbon footprint, organizations require suppliers to provide insights\u00a0into plastic usage in their catalog items and push for paperless, digital invoices from suppliers as an element of the procure-to-pay process.<\/li><li><em>Risk management:<\/em> Businesses may identify sustainability risks, keep track of audit results, and work with suppliers to address non-conformities using supplier risk management. Large organizations are extending their assistance in educating and supporting their suppliers with necessary strategic sourcing and procurement tools and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/bit.ly\/3CP9lDC\" data-factors-click-bind=\"true\">technology<\/a><\/span> to manage supplier risks and achieve sustainability.<\/li><\/ul><h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong><em>Conclusion<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33885\" src=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-04.png\" alt=\"By 2050, the European Green Deal for Sustainable Mobility aims to drastically cut the emissions by 90% using intelligent, easily accessible, and reasonably priced transport.\" width=\"980\" height=\"400\" srcset=\"https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-04.png 980w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-04-300x122.png 300w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-04-768x313.png 768w, https:\/\/merlinsourcing.com\/wp-content\/uploads\/2023\/06\/additional-banner-04-18x7.png 18w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><\/p><p>The journey to 2050 is still far off and will probably\u00a0include more\u00a0challenging negotiations\u00a0and unexpected course modifications. However, the European Green Deal is already in motion with legally enforceable objectives and continues to be the most thorough and determined plan of action for a sustainable economy established by a developed nation to date.<\/p><p><a href=\"https:\/\/bit.ly\/3qZHNZz\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">Schedule an appointment<\/span><\/a> with our\u00a0MeRLIN Sourcing expert\u00a0to see how our <a href=\"https:\/\/bit.ly\/3NPopre\" data-factors-click-bind=\"true\"><span style=\"text-decoration: underline;\">strategic sourcing solution<\/span><\/a> may assist you in complying with the new European Green Deal.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>The Green Deal, often known as the EU Green Deal, was unveiled on 11 December 2019 by Ursula von der Leyen, President of the European Commission. The European Green Deal outlines a strategic roadmap with milestones emphasizing political efforts for green energy and environmental revolution. Read the blog to know more.<\/p>","protected":false},"author":14,"featured_media":33905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[160,161],"class_list":["post-33872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-merlin","tag-eu-green-deal","tag-european-green-deal","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v21.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How European Green Deal Drives Sustainable Economic Growth?<\/title>\n<meta name=\"description\" content=\"The Green Deal, often known as the EU Green Deal, is a plan for making the economy of the European Union sustainable\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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