Environment & Energy Report

Europe Set to Overhaul Its Entire Economy in Green Deal Push (3)

Dec. 2, 2019, 10:47 PMUpdated: Dec. 3, 2019, 1:39 PM

The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy.

At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To meet this target, the EU will promise more green investment and adjust all of its policy making accordingly.

“If our common goal is to be a climate-neutral continent in 2050, we have to act now,” Ursula von der Leyen, president of the European...

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