The European Green Pact is a significant project by the European Union to transition towards green and sustainable energy, with a focus on respecting the environment. One of the main challenges faced is securing the necessary funds due to the substantial costs involved in the transformation. The Pact aims to increase renewable energy production, reduce carbon emissions, and achieve climate neutrality by 2050. However, reports suggest that to meet these targets, the EU needs to invest trillions of euros annually until 2050. Key initiatives of the European Green Pact cover various sectors like climate, energy, industry, biodiversity, ecosystems, and agriculture. The Pact includes measures such as the Target 55 package to reduce greenhouse gas emissions, the establishment of the Social Climate Fund to support vulnerable sectors, and the emphasis on decarbonizing the energy system through secure supply, integrated markets, and renewable sources. Furthermore, the Pact supports industry sustainability, biodiversity protection, and the transition to a circular economy. Private sector involvement is deemed crucial, with the need for subsidies and incentives to motivate investments in the energy sector. Additionally, the Pact outlines legal obligations to ensure member states' progress towards climate targets is measurable and achievable. Overall, the European Green Pact represents a comprehensive strategy towards a greener future, focusing on legislative, financial, and technological aspects to drive the transition to clean energy and sustainable practices.