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EU targets end of fossil fuels with landmark climate proposals


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The European Union is set to transform every corner of its economy.
By Ewa Krukowska, Bloomberg
18 Jul 2021 
08:01 
Image: Photographer: Jeremy Suyker/Bloomberg
The European Union is set to transform every corner of its economy from how people heat their home to the cars they drive as the bloc uses a massive overhaul of rules to position itself as a global leader on climate change.
Every industry would be forced to accelerate its shift away from fossil fuels in order to cut pollution by at least 55% from 1990 levels by 2030, according to proposals to be unveiled on Wednesday, putting the EU on a path to eliminate greenhouse gas emissions by mid-century. The Fit for 55 package would expand the world’s largest carbon market to include shipping companies, eliminate new combustion-engine cars, and slap a levy on imports of steel, cement and aluminum. ....

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EU Targets End of Fossil Fuels With Landmark Climate Proposals


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(Bloomberg) The European Union rolled out a climate plan that will transform every corner of its economy from how people heat their home to the cars they drive as the bloc uses a massive overhaul of rules to position itself as a global leader on the environment.
Every industry will be forced to accelerate its shift away from fossil fuels in order to cut pollution by at least 55% from 1990 levels by 2030, according to proposals unveiled in Brussels on Wednesday. It puts the EU on a path to eliminate greenhouse gas emissions by mid-century, expanding the world’s largest carbon market, axing new combustion-engine cars by 2035, and putting a levy on some imports from countries with laxer environmental standards a move that could stoke trade tensions. ....

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