The concept of the Green Economy has been gaining significant importance in the process of sustainable development of countries globally. Efforts are made by countries worldwide to make their development greener and more environmental-friendly, with the EU clearly stating its own plans of becoming the world’s first cli-mate-neutral content by 2050. With climate neutrality as its guiding principle, the EU has revised some of its key strategies and policies, such as the Industrial Strategy and the Common Agricultural Policy (CAP) focusing on low-carbon industries or “enhanced conditonality” of the CAP funds. With this in mind, the European Com-mission created the European Green Deal, as its own growth strategy.
