Abstract
The European Green Deal is a groundbreaking strategy of the European Union aimed at achieving climate neutrality by 2050 while maintaining economic competitiveness and social justice. The consistent implementation of the strategy aimed at achieving climate neutrality in Europe has brought about significant legislative, financial, and technological changes that are intended to accelerate the green transition, especially in countries such as Poland, where the challenges associated with high emissions are particularly significant. As a result, questions are increasingly being asked about whether Europe will be able to implement these solutions without losing its international competitive position. The article analyzes the current goals, progress, barriers, and financing options for the transition, with a particular focus on the possibility of using European funds to build economic competitiveness and mitigate the negative effects, including the social costs of the transition.