"EU Unveils 'Green Deal' Plan to Get Europe Carbon Neutral by 2050"

"The plan, designed to 'reconcile the economy with our planet,' includes a carbon border tax and money for a just transition for poorer Eastern European countries."

"The European Union unveiled a sweeping set of environmental initiatives on Wednesday aimed at creating the world's first carbon-neutral continent by 2050, touching everything from state aid rules to a green industrial policy and a carbon border tax on imports.

In its much-anticipated Green Deal for Europe, the new European Commission, led by Ursula von der Leyen, laid out 50 policies to be rolled out over the next three years that would revamp rules and regulations to meet ambitious climate goals.

The EU wants to become the first big economic bloc to reach zero carbon emissions by 2050, and it expects to propose a climate law in March to enshrine the target. The new commission also wants to ramp up medium-term targets, cutting emissions by 50 to 55 percent in 2030, up from a current target of 40 percent."

Mehreen Khan reports for the Financial Times December 11, 2019.


"European Green Deal Will Change Economy To Solve Climate Crisis, Says EU" (Guardian)

"How Big a Deal Is Europe’s ‘Green Deal’" (Bloomberg)

"EU To Offer Billions To Help Poorer EU Nations Cut Emissions" (AP)

"Factbox: What Is von der Leyen's 'European Green Deal'?" (Reuters)

"EU Trumpets Green Deal As Its 'Man On The Moon Moment'" (Reuters)

Source: Financial Times, 12/12/2019