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Current Affairs

EU adopts landmark climate change law

Date: 01 July 2021 Tags: Climate Change

Issue

Countries of the European Union have given the final approval for a law that makes member countries legally binding to follow greenhouse gases emission targets.

 

Background

European Union has followed actions of major countries to announce greenhouse gases neutrality. This makes them liable to follow targets.

 

Details

  • The climate change law was reached in April this year after years of negotiation. This law makes the EU to reduce its emissions to 55% of 1990 levels by 2030.

  • Bulgaria has abstained from accepting this deal but the remaining 27 countries have ratified the law. Under this law the EU will become climate neutral by 2050.

  • There is no binding requirement on each country but rather it is an overall target for the bloc. Countries are given flexibility in deciding their actions.

 

Implementing goals

  • The implementation of the policy will start from July. The commission will make major changes on its nature of economy for the future.

  • This includes changing the nature of the energy industry, transport industry, housing etc. These will aim at reducing emissions.

  • The commission is set to announce new renewable energy targets, emission standards for new cars and also carbon trading markets.

  • The law will require the EU to form an expert independent body that will give advice on climate change policies.

  • A separate carbon budget will be calculated for guiding carbon emissions between the period of 2030-50.