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Bloomberg
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.
EU heads of government plan to discuss the draft measure at their two-day gathering this 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 should be delivered collectively by the EU in the most cost-effective manner possible, and that all member states will participate in this effort, balancing considerations of fairness and solidarity,†according to the draft of the statement.