by Ewa Krukowska, Bloomberg, January 28, 2020
The European Union is drafting a measure, titled the Green Deal, to eliminate greenhouse gas emissions entirely by 2050 in hopes to become the world’s first carbon neutral continent.
- The EU wants to make their new climate law irreversible
- The Green Deal is meant to keep Europe on track with the Paris Agreement climate goals
- Reaching the existing climate targets will require additional spending of 260 billion euros ($286 billion) annually
The Climate Center works on achieving carbon neutrality by 2030 and net negative emissions by 2035 through rapid decarbonization.