What Does the EU Green Deal Predict?

The European Green Deal, announced in December 2019, is the EU's strategy to achieve the Paris Climate Agreement goals, and heralds a total economic and social transformation. The Green Consensus aims to reduce the climate footprint in all sectors from industry to agriculture, from construction to transportation, to act in line with the principles of sustainability, to separate circular economy and resource use from economic growth, to eliminate damage to the environment and nature, to protect and recover biodiversity, to use renewable energy and carbon capture and It consists of many different elements such as investing in stocking technologies. The aim is to reduce the global temperature increase to below 2 degrees Celsius and to limit it to 1.5 degrees if possible, and to reach the goal of being climate neutral by 2050, as stipulated in the Paris Climate Agreement. In addition, within the framework of the sustainability principle, it is aimed to regulate the relationship of humanity with nature and the environment and to create a new economic growth model without compromising the right of future generations to live in a clean environment.

As the EU steps into this new adventure, it also wants to be the pioneer of a new transformation that will affect the whole world. As the leading trade actor in the world, together with the USA and China, the EU aims to spread the transformation through its commercial, economic and political relations. It encourages and triggers the change process of countries that have close relations with the EU, both by supporting the green transformation with the circular economy model and by creating pressure by increasing the cost of carbon-intensive products in the imports of the EU with the carbon regulation mechanism at the border. As we encounter events such as extreme climatic events, global temperature increase, drought, floods, melting of glaciers, sea level rise, which are brought to our attention by climate science, green transformation becomes more and more common.

We understand that it is humanity's only chance. Responsible, climate-friendly and sustainable production and consumption, energy efficiency, accelerating the transition to renewable energies, reuse and recycling will form the building blocks of this process. Now, when making new investments, we will need to pay attention to how much they overlap with the sustainability and decarbonization targets, and we will need to make our decisions accordingly.

What Does the EU Green Deal Predict?

The most important event that left its mark in the 18th century, when the change in the history of humanity was the most radical and sharp, is indisputably the "Industrial Revolution". The process that started with the Renaissance continued with the French Revolution as the Industrial Revolution. Technological developments that started to emerge from the second half of the 18th century led to fundamental changes in the social, economic, political and cultural structures of the period. It has led to the emergence of an understanding based on individualistic and free competition, far from state intervention.

In order to increase productivity, it is necessary to achieve greater output with the same inputs or the same output with less inputs. Achieving this goal is not only limited to using the existing potential better, but also requires investing in new technology. Increasing output also requires increasing demand. This depends not only on internal work but also on external factors such as marketing activities, quality production, R&D studies.

In summary, although productivity has become a frequently repeated concept, it has different meanings due to the lack of a generally accepted definition. In order to set the target correctly, it should be clearly understood what the concepts of efficiency and productivity mean exactly.