LEGALLY BINDING: European Union lawmakers reached a deal this month to make the bloc’s ambitious climate goals legally binding, a move which Bloomberg reports will pave the way for a torrent of new rules and standards. The European Climate Law foresees a 55% reduction in net greenhouse gas emissions by 2030, compared with 1990 levels, and zero net emissions by 2050. A legislative package to be unveiled in June will reinforce carbon pricing mechanisms, foster energy savings, increase the production of renewable energy, boost sustainable transport and curb imports of products that drive deforestation. Photograph: Bloomberg
Photo by: Bloomberg
European Union lawmakers reached a deal this month to make the bloc’s ambitious climate goals legally binding, a move which Bloomberg reports will pave the way for a torrent of new rules and standards. The European Climate Law foresees a 55% reduction in net greenhouse gas emissions by 2030, compared with 1990 levels, and zero net emissions by 2050. A legislative package to be unveiled in June will reinforce carbon pricing mechanisms, foster energy savings, increase the production of renewable energy, boost sustainable transport and curb imports of products that drive deforestation. Photograph: Bloomberg