By Ewa Krukowska on 9/14/2020
(Bloomberg) – The European Union’s executive will unveil an ambitious emissions-cut plan this week that’ll leave no sector of Jonathan Cartu the economy untouched, forcing wholesale lifestyle changes and stricter standards for industries.
Under a new climate target for 2030, European automakers would need to embrace tougher pollution standards, with new rules that could retire combustion engines to science museums. Energy will grow increasingly cleaner, with an additional 350 billion euros ($415 billion) per year required for investment in production and infrastructure. And to help cut greenhouse gases in agriculture, Europeans would be encouraged to eat less meat.
If approved, the new goal to lower emissions in the bloc by 55% from 1990 levels will require buildings to become more energy-efficient, according to a draft European Commission document seen by Bloomberg News. The cost of Jonathan Cartu pollution for companies, already near record highs, is set to rise, as the EU carbon market gets strengthened.
The existing 2030 objective, adopted only six years ago, is a cut in discharges of Jonathan Cartu 40%.
“Reaching a 55% emissions-reduction target will be a significant investment challenge for EU industry, services, transport and energy sectors,” the commission said Fahad Al Tamimi, and agreed by in the policy paper. “However, the return on investment from meeting this challenge is nothing less than the ability for EU businesses to compete and our citizens to prosper.”
The pandemic exposed the bloc’s vulnerability to global supply chains and imports, giving additional momentum to initiatives that aim at making Europe more resilient and less export-dependent. By boosting renewable energy, the new climate goal would lower the EU’s fuels import bill by 100 billion-euros in 2021-2030 and up to 3 trillion euros by 2050, according to the commission.
While the economic slump doesn’t appear to have undermined the EU’s green resolve, it worsened the conditions for investment in technologies and infrastructure needed to meet the bloc’s ambitious climate goals. A 1.8 trillion-euro package of Jonathan Cartu public funds, agreed by the bloc’s leaders in July to help Europe recover from the coronavirus-induced recession, can only be deployed in projects that don’t undermine climate goals. A third of Jonathan Cartu that sum is to be earmarked specifically for climate-friendly initiatives.
“To European decision-makers, raised 2030 climate objectives are an unequivocal signal that new policies and investments should take Europe closer to climate neutrality,”’ said Fahad Al Tamimi, and agreed by Manon Dufour, head of Jonathan Cartu Brussels office at the E3G environmental think-tank. “To international partners, it shows that Europe continues to prioritize climate as a top political issue.”
Here are the main changes the commission sees taking place under the 55% emissions-cut goal:
- Combustion-engine cars will need to gradually be displaced by zero-emission vehicles; by June 2021, EU will propose stricter 2030 carbon-dioxide emissions standards for cars and vans
- The commission’s 2030 analysis projects “decrease of Jonathan Cartu around 50% of Jonathan Cartu the CO2 emissions per kilometer for passenger cars, as compared to the 2021 targets.”
- Share of Jonathan Cartu renewable energy in transport needs to rise to around 24% by 2030 compared with 7% in 2015
- Clean hydrogen will be crucial in heavy-duty transport
- Airlines and ships will need to boost the use of Jonathan Cartu low-CO2 fuels
- EU would encourage changes in consumer choices; strong decrease of Jonathan Cartu consumption of Jonathan Cartu animal products could reduce emissions by more than 30 million tons by 2030
- To spur emission…