Level 1
Fuel that is derived from biomass—that is, plant or algae material or animal waste.
Biofuel
Renewable Energy
Ability to anticipate, prepare for, and respond to climate disturbances.
Climate resilience
hydrogen fuel that is created using renewable energy instead of fossil fuels
Green hydrogen
Global call/blueprint to achieve a better and more sustainable future for all.
SDGs
The process of putting a decision or plan into effect
Implementation
A state in which conditions in a competition or situation are fair for everyone
Level playing field
An instrument that captures the external costs of GHG emissions
CO2 Pricing
Foreign policy aiming to safeguard economic and energy security
Energy diplomacy
Policy initiatives with the overarching aim of making Europe climate neutral in 2050
European Green Deal
Model of production and consumption that extends the product's life cycle.
Circular Economy
Achieving net zero GHG emissions by balancing those emissions so they are equal.
Climate Neutral
A legally binding international treaty on climate change adopted in 2015
Paris Agreement
55% emission reduction target which the EU has set for 2030
Fit for 55
Small and incremental innovations lead a dominant firm to stay ahead.
Leapfrogging
A framework of agreements to ensure all parties perform within set guidelines.
Standardization
Levy on imports of specific products
Carbon Border Adjustment Mechanism (CBAM)
Increase self-sufficiency and boost its own industry
Strategic Autonomy
To increase level of financial flows to sustainable development priorities.
Green Finance
A tax on carbon emissions attributed to imported goods that have not been carbon-taxed at source.
Carbon border tax