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Green Deal law to make EU’s energy shift irreversible

by Ewa Krukowska, Bloomberg, January 28, 2020


Highlights

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.


Read more: https://www.bloomberg.com/news/articles/2020-01-28/green-deal-law-to-make-eu-s-tectonic-energy-shift-irreversible