EU chief sets tougher climate, digital investment targets

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“Carbon must have its price because nature cannot pay this price anymore.' European Commission President Ursula von der Leyen at first state of union address

European Commission President Ursula von der Leyen is doubling down on the flagship goals she set out on taking office last December: urgent action to combat climate change and a digital revolution.

Von der Leyen, who wants Europe to become the world's first climate-neutral continent by mid-century, unveiled a plan to cut the EU's greenhouse gas emissions by at least 55 percent from 1990 levels by 2030, up from an existing target of 40 percent."There is no more urgent need for acceleration than when it comes to the future of our fragile planet," she said.

The EU also plans to dedicate a quarter of its budget to tackling climate change and to work to shift $1.1 trillion in investment toward making its economy more environmentally friendly over the next 10 years.Greenhouse gas emissions World leaders agreed five years ago in Paris to keep global warming below 2 degrees Celsius, ideally no more than 1.5 degrees Celsius by the end of the century.

 

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Inaction is taking it toll but charging citizens as a way out of this? farcical Need a leg up to do this proper not squeezing £/€ to death

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