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Green Deal and the Role of Circular Economy in Reaching Climate Neutrality

Author

Listed:
  • Roxana Elena Lepadatu

    (Bucharest University of Economic Studies, Romania)

  • Anca-Raluca Otto

    (Bucharest University of Economic Studies, Romania)

  • Mihnea Jurca

    (Bucharest University of Economic Studies, Romania)

Abstract

In 2019 the European Commission has introduced a new proposal, the European Green Deal (EGD), that is meant to adapt European Union’s (EU) climate, energy, transport and tax policies to ensure a reduction of net greenhouse gas emissions by at least 55% by 2030 compared with 1990 levels and reach climate neutrality by 2050. An important pillar of the Green Deal is the new circular economy action plan. Thus, in order to monitor the role of circular economy in reaching the objective of climate neutrality, the aim of this research is to highlight the importance of circular economy to the EU’s zero emission economy, considering strict requirements found in literature based on a bibliometric analysis, shedding new light on the challenges facing the EGD. The results showed that a closed loop economy is at the core of the reaching climate neutrality. The research results and directions pointed in this paper have the potential to strengthen the sustainability of the EU’s decarbonisation policy.

Suggested Citation

  • Roxana Elena Lepadatu & Anca-Raluca Otto & Mihnea Jurca, 2025. "Green Deal and the Role of Circular Economy in Reaching Climate Neutrality," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 48-56, August.
    • Handle: RePEc:ovi:oviste:v:xxv:y:2025:i:1:p:48-56
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    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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