In expert’s opinion, economic growth requires new technology and improvements in productivity. European economy is currently suffering from a lack of marketing outlets. Today’s new environmental innovation sphere is broad and involves manufacturing and installation of appropriate equipment, Belyaev outlines.

The European Green Deal is a set of policy initiatives aimed at the industries with the largest carbon footprint such as metallurgy, electricity, and production of household heating systems.

“The purposes are quite ambitious. By 2030, Europe plans to reduce CO2 emissions by 55%; by 2050, the European Union should become eco-friendly and fully climate neutral. Over the past decades, carbon dioxide emissions have been reduced by 23%, and production has increased by more than 60%. The European Green Deal is a collective effort to develop ambitious goals. The future will show whether it will be possible to implement the plan,” RISS expert concluded.