Thursday, December 12, 2019

EU adopts Green Deal

The EU Commission President said: "Our goal is to reconcile the economy with our planet, to reconcile the way we produce, the way we consume with our planet and to make it work with our people. The old growth model is out of date and out of touch with our planet."

"The EU Green Deal strategy contains a total of 50 policy measures, including a legally binding target of reducing EU emissions to net zero by 2050, a carbon border tax to prevent companies from relocating outside the EU to avoid climate legislation, a €100 billion just transition fund to help spread the burden and help coal-reliant regions, and a policy to not conclude any free trade agreement with a country that is not a signatory to the Paris climate agreement."

Pro business groups thinks its moving to fast and ambitiously, some green groups think it's not ambitious enough and too slow. You can see it here.

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