Climate Changed
Europe Set to Overhaul Its Entire Economy in Green Deal Push
- Leaders may commit to zero emissions by 2050 at Dec. 12 summit
- They weigh carbon taxes at border, review of state-aid rules
Photographer: Alex Kraus/Bloomberg
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The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy.
At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To meet this target, the EU will promise more green investment and adjust all of its policy making accordingly.