European Union gears up for climate policy shift

EU2

Dismissing all notions that the Covid-19 pandemic had made climate ambition unaffordable, the European Union said that it will redouble its efforts to meet the green goals to overcome the economic havoc wrought by Covid-19 pandemic.

Stressing that said the pandemic had not dampened any plans, EU climate chief Frans Timmermans said that the European Union was gearing up for a mammoth climate policymaking. This would come up with a tougher 2030 emissions cutting target, a strategy to curb methane emissions, and new plans to clean up the financial, chemicals and buildings sectors by the end of the year.

Noting that pressure on government increased as anxiety increased, he expressed his ambition of doubling down on the Green Deal, mainly focussing on the bloc’s plan to reach net zero emissions by 2050.

He maintained that the Commission would propose a new EU climate target for 2030 to cut emissions by 50 or 55 per cent against 1990 levels. He said this while speaking at an online event. The EU Climate chief said that making deeper emissions cuts this decade was “doable” and made economic sense.

He said that the cost of tackling climate change would be “dwarfed” by the price tag of inaction.

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