Western Europe, Belgium, Eu, European Union, European Commission, President, Ursula Von Der Leyen, Greenhouse Gas, Climate Change, Global Warming, Co2, Carbon, Fossil Fuel, Reducing Gas Emissions, Green Bonds

Western Europe, Belgium

EU chief sets tougher climate, digital investment targets

“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

9/16/2020 4:15:00 PM

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 tells lawmakers her new ambitious plan of cutting 55 percent emissions by 2030 should help the European Union achieve climate neutrality by 2050.

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.The European Union's chief executive laid out ambitious goals on Wednesday in her first annual State of the Union address, including plans to ensure that the bloc is more resilient and united to confront futures crises after the coronavirus pandemic, which has plunged Europe into its deepest recession in history.

Why This Could Be K-Pop's Big Year For Grammy Recognition Which Musicians Have We Been Tweeting About the Most During the Quarantine? Ava Max’s ‘Heaven & Hell’ Leads Action-Packed Midweek U.K. Chart

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.

She also pledged to use green bonds to finance those climate goals."There is no more urgent need for acceleration than when it comes to the future of our fragile planet," she said. "While much of the world's activity froze during lockdowns and shutdowns, the planet continued to get dangerously hotter."

She predicted the new target will be "too much for some and not enough for others" but she told lawmakers that it should help the 27-nation EU achieve climate neutrality by 2050.READ MORE: Von der Leyen wins EU parliament vote after climate crisis vows

"Our economy and industry can manage this, and they want it, too," von der Leyen said as she set out her priorities while speaking in the European Parliament.EU leaders agreed last year to make the bloc’s economy carbon-neutral by the middle of the century.

The former German cabinet minister also called for greater investment in technology for Europe to compete more keenly with China and the United States, and said the EU would invest 20 percent of a 750 billion-euro coronavirus economic recovery fund in digital projects.

Green bondsVon der Leyen said she wants 37 percent of the recovery fund approved by EU countries to be spent on environmental objectives, adding that 30 percent of the fund should be raised through “green” bonds whose proceeds are meant to have a positive impact on the environment.

GOP Official At Trump Rally Gently Suggested Wearing Masks. It Did Not Go Well. ‘We’ve Got The Votes’: Lindsey Graham Says Senate Will Fill Ginsburg's Seat Before Election U.S. Coronavirus Cases Jump, With Death Toll Just Below 200,000

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.READ MORE: After Brexit, EU faces ‘most difficult’ budget negotiations in history

Greenhouse gas emissionsAccording to the EU, its greenhouse gas emissions already decreased by 23 percent between 1990 and 2018, a period when the economy grew by 61 percent.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. 

Scientists say countries will miss both of those goals by a wide margin unless drastic steps are taken to begin cutting greenhouse gas emissions.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.

“Carbon must have its price because nature cannot pay this price anymore," she said. Read more: TRT World »

Triathlete praised for act of sportsmanship after allowing rival to finish third

CNN News, delivered. Select from our newsletters below and enter your email to subscribe.

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

Chances of Brexit deal fading every day, EU Commission chief saysThe head of the European Commission said on Wednesday the chances of reaching a trade deal with Britain were fading by the day as the British government pushes ahead with moves that would breach their divorce treaty. Excellent new Because Brazil got an idiot for President. No deal = no recognition of EU law = EU blocks all financial services from London

Upgrade for EU antitrust rules, more funds for digital projects: Commission headThe European Commission will revise its antitrust rules to keep up with global changes and invest a fifth of its 750-billion-euro ($890 billion) COVID-19 recovery fund in digital projects to ensure it takes the lead in technology, its head said on Wednesday. Or start think about you 5 husbands and 7 child, there are something false and bad in this story. Something you need to realise, begining by the famous BCE (Build Economical Crisis) ECB (Enable Biological Crisis), EZB (And Zero BB), EKP (End Keep Parking), omega 3, Fish again.

EU executive to propose framework for minimal wage in EUThe European Commission will propose a framework for minimum wages in the 27-nation bloc, European Commission head Ursula von der Leyen said in a speech on Wednesday. Oh nice, one more reason not to invest in countries like Greece. Who would've thought that this incompetent idiot that is Leyen would be incompetent and idiotic? Nobody ever saw this coming.

No place for 'LGBT-free zones' in EU, chief executive saysThe European Union 's chief executive lashed out against homophobic policies of the nationalist government in Warsaw in saying on Wednesday there was 'no place' in the bloc for districts proclaimed 'LGBT-free zones' in Poland. 😂😂 Why not organizing a referendum about this? I thought democracy was the major principle of the EU... Well there's a first! I agree with something Van Der Leyen says!

Britain wants EU trade talks to succeed - senior minister GoveBritain wants trade negotiations with the European Union to succeed and is not walking away from talks, Cabinet Office minister Michael Gove said on Monday, as the government tabled a bill designed to break the Brexit divorce agreement. of course lads Black is white, up is down, inside is outside - and the Tories are fucking lying bastards who are at it. If Gove told me my own name I would check with someone else to make sure it's true. Nope

'We won't be played', EU tells China's XiThe European Union 's chairman told Chinese President Xi Jinping on Monday that the bloc would no longer be taken advantage of and demanded a fairer relationship in trade. Technocracy vs Autocracy China owns the EU Here comes the old pee-pee in Coke routine.