European Commission President Ursula von der Leyen will set out her vision of the future in her first State of the European Union address to the EU legislators. Weakened by the COVID-19 pandemic and the departure of the United Kingdom, she will center her speech on how the bloc should adapt to the challenges of the future, including global warming, the switch to a digital economy and immigration.
The EU also plans to dedicate a quarter of its budget to tackling climate change and to work to shift 1 trillion euros in investment toward making the EU's economy more environmentally friendly over the next 10 years. Von der Leyen also confirmed the EU is working on a kind of carbon tax aimed at avoiding a situation in which EU countries reduce emissions, but at the same time import goods embedded with CO2.While endorsing the idea of a “carbon border adjustment mechanism,” at EU borders, Green members of the European Parliament said the proposed 55% cut to emissions was not enough, pushing for a 65% reduction.
Greenpeace also regretted that the European Parliament opened the door for fossil-fuel subsidies in the EU's Just Transition Fund, a expected package of some 17.5 billion to support the regions most affected by the transition toward climate neutrality.
Top EU official proposes new way to pick out the peas from $hit the world is in a financial freefall as these unelected officials are about to proceed on a tainted ideology
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