Climate

Preserving our environment

Green or Growth? Both!

The foundation of a carbon-neutral economy lies in shifting from fossil fuels to clean energy sources like solar, wind, and hydroelectric power. This transition can reduce dependence on fossil fuel imports, enhance energy security, and create new jobs in clean energy infrastructure. Investing in green infrastructure projects such as energy-efficient transportation systems and intelligent buildings can further reduce greenhouse gas emissions, create jobs, and improve quality of life.

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Reaching 2030 Climate Targets – Key Laws Passed By European Parliament

The European Parliament has approved five new laws as part of the “Fit for 55 in 2030 package,” aimed at reducing greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. The new laws include reforms to the Emissions Trading System (ETS), a new Social Climate Fund, the inclusion of greenhouse gas emissions from the maritime sector in the ETS, and the creation of a new Carbon Border Adjustment Mechanism (CBAM) to incentivize non-EU countries to increase their climate ambition.

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1.5 °C Increase by the End of the Century? It Looks Certain

The IPCC has released a report on climate change, which was compiled over eight years by hundreds of scientists. The report highlights that greenhouse gas emissions in 2030 will likely lead to global warming exceeding 1.5°C during the 21st century and make it difficult to limit warming below 2°C.

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From Climate Goals to Law – The EU Legislation Process Explained

The European Union’s legislative process on the Fit for 55 package involves several steps. The first step involves the European Commission presenting the proposals, which it did on July 14, 2021. The proposals then go through a process of negotiation and scrutiny by the European Parliament and the Council of the European Union.

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