Europe's climate masterplan aims to slash emissions within a decade
BRUSSELS (Reuters) - The European Union is set to take the lead in climate policy action among the world’s biggest greenhouse gas emitters this week, with a raft of ambitious plans designed to cut emissions drastically over the next decade.
The policies, if approved, would put the bloc - the world’s third-largest economy - on track to meet its 2030 goal of reducing planet-warming emissions by 55% from 1990 levels.
The “Fit for 55” package being released on Wednesday will face months of negotiations between the 27 EU countries and the European Parliament.
Other major economies including China and the United States – the world’s top two emitters - have committed to achieving net zero emissions, which scientists say the world must reach by 2050 to avoid catastrophic climate change.
But the EU is the first to overhaul its legislation to drive greener choices within this decade among the bloc’s 25 million businesses and nearly half a billion people.
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