Introduction

With the European Green Deal announced in 2019, the European Union aims to make the continent carbon neutral by 2050. This comprehensive strategy brings radical transformations in many sectors such as energy, industry, transport, agriculture and finance.

The Green Deal is not only environmental planning, but also a holistic policy document that ensures that economic growth is reshaped in line with sustainability principles.

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Key Elements

Key elements of the Green Deal include a transition to clean energy, the promotion of circular economy practices, sustainable agricultural policies and carbon-neutral transport systems. These objectives reinforce Europe's leadership in the fight against climate change.

In addition, the EU is developing new trading instruments such as Border Carbon Arrangement (CBAM) under the Green Deal and aims to maintain economic and social balances in the transformation process by establishing a Just Transition Fund for member states.

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Effects on Turkey

Turkey, as one of the most important trading partners of the EU, is directly affected by the Green Deal. In particular, it has become mandatory for exporting companies to adopt carbon reporting, energy efficiency practices and sustainable production models.

The Green Deal can also be considered as an opportunity for the Turkish industry. In this process, businesses that invest in green technologies, adopt circular economy models and reduce their carbon footprint will gain a significant competitive advantage in international markets.

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Conclusion

The Green Deal is a historic transformation programme that aligns environmental sustainability with economic development. Turkey's preparedness for this process is critical for both the continuity of exports and the preservation of global competitiveness.

If businesses start carbon measurement, reporting and sustainable production practices now, they will have a strong position in the business world of the future.

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Bibliography

European Commission. (2019). The European Green Deal. Brussels.
European Commission. (2021). Horizon Europe Work Programme 2021-2027. Brussels.
European Commission. (2023). Carbon Border Adjustment Mechanism (CBAM). Brussels.