The European Green Deal is one of the most ambitious policy agendas that will help the European Union (EU) become sustainable and climate-neutral economy by as early as 2050. The Green Deal focuses on more economic aspects of creating clean technologies and sustainable infrastructure to generate more innovation, more green jobs, and competitiveness. Theoretically, three frameworks (sustainability transition, political economics, and environmental governance) guide the research into the Green Deal. Finally, European Green Deal will make the EU a worldwide climate policy leader. This article is an abridged version of the research paper titled The Politics of the European Green Deal: Environmental Sustainability and Economic Transformation; DOI: https://doi.org/10.29070/4wae1607).