A Theoretical Study on Economic Impact of the European Green Deal

Abstract

To avoid climate change and environmental degradation, the European Commission developed the European Green Deal, which aims to decouple economic growth from resource use, however, in some sectors, such as agriculture, the use of different resources ensures high productivity rates for agricultural enterprises, which means income for their, as well as food security for society. Strict requirements and restrictions can have a negative impact on the agricultural sector if the goals are set too ambitious or adequate coverage of compensatory support mechanisms is not provided. Novelty of the research - has been summarized and analysed the research on economic impact of the European Green Deal, accordingly drawing conclusions and proposals.