EU GREEN NEW DEAL
We are going through challenging times. Covid-19 Pandemic effect made it obvious for everyone how fragile the world economy is. Climate change and environmental degradation are an existential threat to the world and to all of us.There are unavoidable forest fires all around the world. The ratio of desert areas is increasing. Rising sea levels threaten the Pacific islands as well as our European cities. The human race has experienced such extreme events before, but none were at this rate.Are we aware of the harm that will change all our lives? There are many people who are still in denial. However, European Commission is taking the issue seriously…
The main focus of EU Green New Deal is climate-neutrality by 2050. It means that European Union targets to be the first continent with zero carbon by slowing global warming and reducing its effects until 2050.
The first initiative EU has taken is to preserve the law in order to secure that the goal of EU is carbon neutrality by 2050. The plan is to increase the Greenhouse Gas Emission target from %40 to %50-55 by 2030 to be able to achieve the 2050 zero carbon target. The European Green Agreement offers Europe a new growth strategy which will create new job opportunities and investment areas and increase the quality of life while reducing emissions.From the transport to taxation, from food to agriculture, from industry to infrastructure, a green perspective will be reflected;
• to invest in clean energy
• to increase carbon trade,
• to speed up the circular economy
• to protect Europe's biodiversity.
WHAT ARE THE CHALLENGES?
Countries that are less concerned about climate change would make European industry suffer from unfair competition. In order to avoid that from happening, EU is planning to have carbon border tax on certain products. Since EU is one of the biggest economies in the world, EU will be a game changer with the Green New Deal implications.
Good news is that many countries and companies will also take initiative in order to be align with EU’s Green New Deal requirements. Many companies in or out of Europe will integrate a green perspective to reduce their carbon footprint and to discover clean technologies.
Green financing will also be a hot topic. Companies will be able to reach financial resources if they have already adopted sustainable solutions within their operations.
An Important Note For Abiteks Clients
At Abiteks, sustainability is at the core of how we do our job. Therefore, we try to improve our operations and to decrease our ecological footprint. We look for solutions to improve energy efficiency and choose environmentally friendly fibers and accessories from reliable sources and non-hazardous chemicals in our processes.
As part of our sustainability goals for 2030, we have enlarged our fabric and accessories portfolio with sustainable options. We have a wide selection of recycled cotton, recycled polyester options and different accessories from labels, hangtags to trims. We also have biodegradable polybag solutions if requested.
We are working hard to reach EU’s zero carbon target of by 2050 as one of the main suppliers of Europe!