CARBON NEUTRAL: https://www.consilium.europa.eu/en/policies/climate-change/
The European Union has recently taken significant steps towards achieving its ambitious goal of becoming carbon neutral by 2050. In December 2020, EU leaders agreed to reduce the bloc’s net greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. This means that the EU will have to cut emissions faster and more deeply than previously planned to meet this target.
To achieve this goal, the EU is implementing a range of policies and initiatives aimed at reducing emissions across all sectors of the economy. For example, the bloc has set new emissions standards for cars and trucks, and is working to increase the share of renewable energy in its energy mix. The EU is also promoting the use of carbon capture and storage technology to capture emissions from industrial processes and store them underground.
In addition to these efforts, the EU is also considering the introduction of a carbon border tax, which would impose tariffs on goods imported from countries with weaker climate policies. This would help to ensure that EU businesses are not put at a disadvantage by cheaper imports from countries with lower environmental standards.
Overall, these efforts demonstrate the EU’s commitment to tackling climate change and transitioning to a more sustainable economy. While there is still much work to be done, these developments provide hope that the bloc can play a leading role in the global fight against climate change.