Dec. 11, 2020–A year after introducing the Green New Deal, the European Council agreed today to targets for reducing greenhouse gas emissions within the next decade. The plan envisions cutting emissions by 55 percent of 1990 levels by 2030.
The deal requires significant changes to the energy and transportation sectors. It also calls for investment in energy-efficient buildings and infrastructure for electric cars.
European Commission President Ursula von der Leyen said the agreement “future-proofs” the European Union.
“Today’s agreement puts us on a clear path towards climate neutrality in 2050. It gives certainty to investors, to businesses, to public authorities and to citizens,” von der Leyen said in remarks given after the European Council meeting today.
The European Parliament still needs to approve the plan. Europe’s Green New Deal is an action plan to carve out protections for the environment and resources from the goal of economic growth. European leaders say they intend to make the continent climate-neutral by 2050.
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