The European Green Deal (EGD) is the EU's overarching green growth strategy to transform the EU into a modern, resource-efficient and competitive economy, while ensuring that:
- greenhouse gas emissions are net zero by 2050,
- economic growth is decoupled from resource use,
- no human being and no place is left behind.
The EGD contains many different initiatives and aims to integrate climate and sustainability into all EU policies (for example, by ensuring that a significant part of EU research funding supports sustainable objectives). For example, one of the fundamental parts of the EGD, the Climate Law, makes the goal of becoming climate neutral by 2050 legally binding for EU institutions and Member States. Another important part of the EGD is the related investment plan, which aims to mobilise at least €1 trillion over 10 years through EU and Member State budgets, public and private investments and other support measures. At least 25% of all EU funding will be allocated to climate action.
The Ladder can play a crucial role in achieving these goals: by structurally incorporating insight into greenhouse gas emissions and ambitious reduction targets into organisations. Of the eight themes of the EGD, the Ladder contributes to six: climate, energy, transport, agriculture, finance and industry. By using the Ladder as a procurement instrument, governments can give a significant boost to the sustainability of business in many sectors.
Therefore, the EGD is setting the agenda - and the Ladder helps to make it a reality.