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The successful transformation of the economy of the European Union towards a sustainable future, which underlies the European Green Deal, builds on a number of pillars and has an impact on practically all spheres of the EU economy and policies. From the supply of clean, affordable and secure energy to the acceleration of the transition to sustainable and smart mobility, the European Commission envisions various strategies to pursue the sustainable development pathway. An important role in this process is entrusted to public authorities, including the institutions of the European Union, and green public procurement is considered as part of the toolkit planned to promote this transformation.
The European Commission refers to the public procurement which boosts the sustainable economy as Green Public Procurement (GPP). It is expected that if it is widely spread in Europe, green public procurement will contribute to coping with the challenges related to the climate and the environment, achieving financial savings by public authorities and, last but not least, triggering innovation in the field of environmentally friendly products and services.
Essence
The European Commission defines the award of green public procurement as a process whereby public authorities seek to procure goods, services and works with a reduced environmental impact throughout their life cycle when compared to goods, services and works with the same primary function that would otherwise be procured.
You can read the whole article, as well as much more at the website of Dobrev & Lyutskanov Law Firm – https://www.legaldl.com/en/green-public-procurement/