Today’s Solutions: April 19, 2024

The European Union has signed a major climate deal with ambitious new targets to curb climate change, pledging to make them legally binding.

Under the new law, an agreement between member states and the European Parliament, the bloc will cut carbon emissions by at least 55 percent by 2030, compared to 1990 levels, and achieve carbon neutrality by 2050.

The pact paves the way for tougher rules that will affect industries ranging from transport to energy production. It will include reinforcing carbon pricing mechanisms, fostering energy savings, ramping up the production of renewable energy, boosting sustainable transport, and curbing imports of products associated with deforestation.

“[The] package will arguably be the most comprehensive legislative framework in the world addressing climate,” said Frans Timmermans, Executive Vice-President for the European Green Deal. “We need to gather all possible forces in the fight against climate change, abroad and at home.”

As reported by Bloomberg, the European Commission will also introduce a labeling system for green investments that could divert hundreds of billions in funds to specific industries and companies, in an effort to strategically cut emissions where their impact is most significant.

Solutions News Source Print this article
More of Today's Solutions

3 ways to get the most benefits out of your daily walk

During the pandemic, walking has become many people's new workout? With fitness facilities closed, people got a little more creative with how to stay ...

Read More

These ultra-low-cost batteries use CO2 to store renewable energy

While the price for lithium-ion batteries has dropped significantly in recent years, the technology is still a tad too expensive to be the best ...

Read More

16 fun ways to celebrate Earth Day this year

Tomorrow, April 22nd, you can honor Earth Day by learning about your ecosystem and contributing to its health. Here are 16 great activities you ...

Read More

Count, roll, and win! Why board games are experiencing a well-deserved revival 

Board games are making a successful comeback in this age of screens and virtual realities. Nostalgia fans are ecstatic about the opportunity to recreate ...

Read More