European Green Law Risks Delay as Leaders May Defer Decision

(Bloomberg) —



a close up of a windmill: Wind turbines operated by Vattenfall AB sit on a wind farm in Aggersund, Denmark.


© Photographer: Chris Ratcliffe/Bloomberg
Wind turbines operated by Vattenfall AB sit on a wind farm in Aggersund, Denmark.

A landmark law to strengthen European Union climate policies and make the 2050 goal of climate-neutrality irreversible risks falling off a fast-track approval process, as the bloc’s leaders take time to consider the economic impact of the unprecedented overhaul in the midst of the deepest recession on record.

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EU heads of government plan to discuss the draft measure at their two-day gathering next week but may stop short of supporting a more ambitious intermediate target for 2030, according to a draft of their joint communique seen by Bloomberg News. Their political endorsement, key for ministers to reach an agreement on the technical details of the law, and a stricter emissions-reduction goal for the next decade may come only in December.

“The European Council considers that the updated target

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European Green Law Risks Delay as Leaders Seek to Defer Decision

(Bloomberg) —



a close up of a windmill: Wind turbines operated by Vattenfall AB sit on a wind farm in Aggersund, Denmark.


© Photographer: Chris Ratcliffe/Bloomberg
Wind turbines operated by Vattenfall AB sit on a wind farm in Aggersund, Denmark.

A landmark law to strengthen European Union climate policies and make the 2050 goal of climate-neutrality irreversible risks falling off a fast-track approval process, as the bloc’s leaders take time to consider the economic impact of the unprecedented overhaul in the midst of the deepest recession on record.

Loading...

Load Error

EU heads of government plan to discuss the draft measure at their two-day gathering next week but may stop short of supporting a more ambitious intermediate target for 2030, according to a draft of their joint communique seen by Bloomberg News. Their political endorsement, key for ministers to reach an agreement on the technical details of the law, and a stricter emissions-reduction goal for the next decade may come only in December.

“The European Council considers that the updated target

Read More