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What the EU Green Deal Means For Governments and Companies

Aug 17, 2020 | 10:00 GMT
Steam and exhaust rise from a chemical company's coking plant in Oberhausen, Germany, on Jan. 6, 2017.

Steam and exhaust rise from a chemical company's coking plant on a cold winter day in Oberhausen, Germany.

(Lukas Schulze/Getty Images)

The European Union will increase pressure on private and public companies to reduce their carbon emissions in the coming years, and will also make significant funds available to help member states transition to cleaner energy. The actual implementation of the ambitious policies laid out in Brussels' Green Deal, however, will be slow and uneven due to the bloc's current pandemic-induced economic crisis, insufficient funding, internal political divisions, and limited access to the technologies needed to create more eco-friendly European economies. ...

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