On 11 December 2019, the European Commission adopted the European Green Deal, a "strategy" consisting of a series of measures - including in particular new legislation and investments - to make energy production and the way of life of European citizens more sustainable and less harmful to the environment.

In particular, the main objective is to limit the increase in global warming in order to keep it within the limits set by the Paris Agreements of 2015. Among the measures being discussed is the so-called Climate Act, the first climate framework law that will formalise the intention of zero net emissions across the Union by 2050.

In particular, the European Green Deal announced a renewed sustainable finance strategy that will be based on the ten actions proposed by the European Commission's initial 2018 Sustainable Growth Financing Action Plan. Therefore, in order to gather the views of all stakeholders to develop this new strategy, the European Commission launched a consultation on 8 April 2020 that will end on 15 July.