Europe to consider law on climate neutrality by March
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
January 31, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, JANUARY 31, 2023
Europe to consider law on climate neutrality by March

Environment

Reuters
29 November, 2019, 09:55 pm
Last modified: 29 November, 2019, 10:02 pm

Related News

  • Developed nations should accept climate refugees: Experts
  • Western climate subsidies risk hitting emerging markets: IMF
  • Davos 2023: CEOs face challenge over sluggish climate efforts
  • Implement roadmap on ending child labour in agri, households by 2024: EU tells Bangladesh
  • Biden's climate agenda has a problem: Not enough workers

Europe to consider law on climate neutrality by March

Anxiety is growing globally that governments are not doing enough to reach the Paris Agreement's target of curbing emissions sufficiently to keep temperature rises to within 1.5-2 degrees Celsius of pre-industrial levels

Reuters
29 November, 2019, 09:55 pm
Last modified: 29 November, 2019, 10:02 pm
Photo: Reuters
Photo: Reuters

The European Union executive will propose by March 2020 a new climate law to turn the bloc neutral in terms of carbon dioxide emissions by 2050 and help lead the struggle against global warming, a draft showed on Friday.

The European Commission document, to be published on December 11 and seen by Reuters, also said it would by next October present a plan to halve the bloc's greenhouse gas emissions by 2030.

Anxiety is growing globally that governments are not doing enough to reach the Paris Agreement's target of curbing emissions sufficiently to keep temperature rises to within 1.5-2 degrees Celsius of pre-industrial levels.

The 28-nation EU says it wants to be at the forefront of action. But there are divisions.

Some EU countries dependent on coal for energy such as the Czech Republic, Poland and Hungary oppose the 2050 carbon neutral target, saying they need help transforming energy production.

File Photo: Outside view of the European Commission headquarters in Brussels, Belgium November 29, 2019. Reuters/Yves Herman
File Photo: Outside view of the European Commission headquarters in Brussels, Belgium November 29, 2019. Reuters/Yves Herman

To win them over, the Commission, whose proposed laws require consent of members and the European Parliament, wants to create a "just transition fund" to wean economies off coal.

The discussions over funding to tackle climate change are closely tied to negotiations over the EU's 2021-2027 budget.

In a letter released on Friday, the heads of state of Estonia, Latvia and Lithuania called for "significant EU investment" in the transition to a fossil-free economy, in addition to the "just transition fund".

They said plans for them to receive less money in the EU budget were "detrimental" to meeting environmental goals.

The draft document said the EU executive would propose extending the bloc's Emissions Trading Scheme (ETS) to the maritime sector and possibly road transport, plus reducing free carbon dioxide allowances for airlines.

The Commission said it would push for a shift from road and aviation transport to rail, try to ensure that 75% of road transport is moved to other means, and deploy alternative infrastructure and fuels.

The EU also wants to create sustainability criteria for batteries, launch a forest restoration plan and strengthen requirements for monitoring air pollution in cities.

The Commission wants to earmark money in the EU's next long-term budget to support clean public transport and take action in ports to clean up ships' emissions.

The draft said the EU executive would present a plan on financing the shift to a greener economy in June 2020 and ensure trade agreements include an ambitious chapter on sustainable development.

World+Biz / Top News

Climate / European Union

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    IMF approves Bangladesh's $4.7 billion loan proposal
  • Despite downturn 3 dozen listed firms plan Tk7,500cr investment
    Despite downturn 3 dozen listed firms plan Tk7,500cr investment
  • Mysterious resignation of SIBL chairman, addl MD
    Mysterious resignation of SIBL chairman, addl MD

MOST VIEWED

  • Environment, Forests and Climate Change Minister Mohammad Shahab Uddin
    Govt working to manage sustainable livelihoods for climate migrants: Minister
  • Photo: UNB
    DCs asked to stay vigilant about illegal sand extraction from rivers
  • Photo: TBS
    Govt may provide loans to produce eco-friendly bricks: Environment minister
  • Plastic manufacturers eye over $17b exports by 2030
    Plastic manufacturers eye over $17b exports by 2030
  • Foreign Minister Dr AK Abdul Momen. Picture: File Photo
    Foreign minister lauds Residential Model College for UAE sustainability prize win
  • Fire set by tea estate kills wild animals in Habiganj forest
    Fire set by tea estate kills wild animals in Habiganj forest

Related News

  • Developed nations should accept climate refugees: Experts
  • Western climate subsidies risk hitting emerging markets: IMF
  • Davos 2023: CEOs face challenge over sluggish climate efforts
  • Implement roadmap on ending child labour in agri, households by 2024: EU tells Bangladesh
  • Biden's climate agenda has a problem: Not enough workers

Features

Spotify is among the tech platforms that saw record growth during Covid lockdowns
Photo: DW

Could tech layoffs spread to rest of US economy?

35m | Panorama
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

45m | Panorama
Photo: Courtesy

The Hawkers: Where minimalism meets motifs

21h | Brands
TBS illustration

Where do Shariah-compliant mutual funds stand in Bangladesh

20h | Panorama

More Videos from TBS

two more factories of the country got platinum certificate.

two more factories of the country got platinum certificate.

11h | TBS Today
Iconic villains of Bollywood

Iconic villains of Bollywood

12h | TBS Entertainment
General knowledge "Gravity"

General knowledge "Gravity"

10h | Videos
Will tanks turn the tide for Ukraine?

Will tanks turn the tide for Ukraine?

11h | TBS World

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]