The collapse of the Green vote in Europe casts doubt on the continent's climate aspirations.

• On Monday, provisional results indicated that Green parties were likely to lose seats in the European Parliament elections.
• The result of a broader shift to the right and a green backlash against climate crisis and environmental protection policies is a greenlash.
• The Green Party's lead candidate, Bas Eickhout, stated that the rise of far-right parties in Europe could hinder the continent's advancements in addressing climate change.

On Monday, provisional results indicated that green parties were likely to lose seats in the European Parliament elections, causing worry that the bloc's climate policies may be at risk of being scaled back.

The Greens/European Free Alliance were predicted to win 52 seats in the legislative branch of the 27-member trade bloc, which is lower than the 71 seats they secured in their strongest showing five years ago.

The climate crisis and environmental protection policies are facing opposition from a shift to the right and a "greenlash."

The Identity and Democracy group experienced significant growth in the European Union, while the European Conservatives and Reformists saw a slight increase in votes.

In Germany, the Greens, who are part of a "traffic light" coalition with the center-left Social Democrats and pro-business Free Democrats, experienced a nearly 50% decrease in support compared to 2019. According to provisional results, the party received 11.9% of the vote.

In Austria and France, the far-right outperformed, causing a decline in support for the Greens and prompting French President Emmanuel Macron to call snap elections.

In recent months, farmers have protested against EU environmental regulations, while nationalist and far-right parties have criticized green policies.

The Green Party's lead candidate, Bas Eickhout, stated that the rise of far-right parties in Europe could hinder the continent's advancements in addressing climate change.

The global green race is intensifying, as seen in China and the United States, so Europe must increase its efforts, according to Eickhout's statement to CNBC's Silvia Amaro.

"If we're not going to proceed or accelerate the action here, our European industry will lose the global race, which is what I'm worried about."

Eickhout stated on Sunday that the losses in France and Germany were a "blow" and the rise of the far-right was "extremely concerning" for those who believe in a democratic European Union and equal societies.

The Greens were expected to win first place in Denmark and the Netherlands, and Terry Reintke, another prominent candidate, stated that strong results in Sweden and Finland were a significant achievement for our political family.

Green MEPs were elected by voters in countries that had never previously sent greens to the European Parliament, including Croatia, Latvia, Slovenia, and Lithuania, as Reintke noted.

"The need for a stable pro-European democratic majority in the European Parliament has never been greater, especially in the face of the far-right," Reintke stated.

Green Deal 'cannot go back'

The European Green Deal, a prominent carbon neutrality initiative in the European region, may face significant pressure prior to the upcoming vote.

On Monday, Pedro Marques, vice-president of the center-left Socialist and Democrats Group, stated that advancing climate policies would be difficult due to the backing of the far right.

Marques stated to CNBC's Silvia Amaro that they will not allow the Green Deal to happen, and it cannot go back. However, they are prepared to give it an additional twist by taking care of the transitions.

The transition to the new green economy affects our economy, small enterprises, and citizens. However, supporting them does not mean going back to the Green Deal.

Jorg Asmussen, CEO of the German Insurance Association and former deputy finance minister of Germany, stated on Monday that he did not anticipate the European elections' outcome leading to a snap vote in Germany. He further noted that the current coalition government in Germany is likely to continue its course until September next year.

Asmussen stated to CNBC's Annette Weisbach that the pro-European and pro-competitiveness agenda will remain unchanged on the European level, limiting the influence of extremes on the right or left of politics.

The Green Deal will likely be recalibrated due to insufficient support in the European Parliament, but the climate issue will not disappear.

Despite the election results, voters across the bloc prioritized climate change and saving nature as their top concerns, with a clear majority advocating for the EU to take action in these areas in the next five years, according to environmental campaign group Greenpeace.

"Greenpeace EU campaigner Ariadna Rodrigo stated that the upcoming election will not alleviate the existential threat of the climate and nature crisis. Flooding, droughts, and heatwaves will intensify, and all newly elected politicians must act to preserve the planet's ability to support life and provide a future for our children. Regardless of who is in power, Greenpeace will hold them accountable and remind them of their responsibility."