The EU's Green Deal, launched in 2020, aims for net-zero greenhouse gas emissions by 2050, targeting a 55% reduction from 1990 levels by 2030.
Inevitably, the Green Deal faces threats from rising populism and shifting global economic landscapes, necessitating a policy reset to realign with changing circumstances.
The expectation of a global carbon tax has not materialized, leaving the EU isolated in its ambitious carbon pricing which still offers exemptions to major industries.
With elections revealing gains for parties against the Green Deal, the EU must adopt a fresh mindset to ensure the continuation of its green policies.
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