European Union Set To Change Their Whole Economy With Green New Deal Push

The already over-bearing and over-controlling E.U. government is set to increase its control over all things economic dramatically. But, remember, this is all about ‘climate change’, not politics

Europe Set to Overhaul Its Entire Economy in Green Deal Push

The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy.

At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the Dec. 12-13 meeting. To meet this target, the EU will promise more green investment and adjust all of its policy making accordingly.

“If our common goal is to be a climate-neutral continent in 2050, we have to act now,” Ursula von der Leyen, president of the European Commission, told a United Nations climate conference on Monday. “It’s a generational transition we have to go through.”

These are the main proposals outlined in the draft:

  • Easing restrictions on state aid for companies
  • Changing public procurement rules
  • Considering more ambitious targets for 2030 emissions cuts
  • Penalizing imports from countries with looser emissions controls
  • European Investment Bank to mobilize 1 trillion euros ($1.1 trillion) in climate financing over the next decade

The EU plan, set to be approved as the high-profile United Nations summit in Madrid winds up, would put the bloc ahead of other major emitters. Countries including China, India and Japan have yet to translate voluntary pledges under the 2015 Paris climate accord into binding national measures. U.S. President Donald Trump has said he’ll pull the U.S. out of the Paris agreement.

Well, that should go well, consider how much Europe imports, and considering that the EU economy is already rather lackluster. The devil will be in the details, though, especially using a GND as the basis. A lot will be surely very surprised when it invests massive control in EU bureaucrats to tell companies big and small how they are allowed to operate. And you can bet there will be more taxes.

To ensure that coal-reliant Poland doesn’t veto the climate goals, EU leaders will pledge an “enabling framework” that will include financial support, according to the document, dated Dec. 2. The commission has estimated that additional investment on energy and infrastructure of as much as 290 billion euros ($321 billion) a year may be required after 2030 to meet the targets.

Von der Leyen told the UN meeting that the commission will propose an EU law in March that would “make the transition to climate neutrality irreversible.” She said the measure will extend the scope of emissions trading, and will include “a farm-to-fork strategy and a biodiversity strategy.”

So, they will try to make sure it can never be done away with? That’s rather Fascist. Further, that last line will just mean higher prices on everything. So, good luck, Europe.

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6 Responses to “European Union Set To Change Their Whole Economy With Green New Deal Push”

  1. Doom and Gloom says:

    Penalizing imports from countries with looser emissions controls

    This returns them to the dark ages. It is a very clever way to impose tariffs without calling them tariffs.

    The USA, Canada, CHINA, Russia, and India being the primary examples in which they undoubtedly receive well over 50 percent of their imports. Applying tariffs will get them tariffed themselves.

    Russia provides nearly all of the EU’s Natural Gas. It is why they have been fighting so hard in Syria. Saudia Arabia and the UAE want to build a pipeline through Syria, and Turkey to the EU in order to compete with Russia’s supply of natural gas for the EU. Why do you think Turkey is now in bed with Russia.

    Congrats EU you are now well on your way to showing the world what a NON-REPRESENTATIVE GOVERNMENT WILL DO FOR YOUR EMPIRE.

    • Doom and Gloom says:

      Remember the EU is run by NON-ELECTED BUREAUCRATS. These are people bought and paid for by the rich, wealthy and Billionaires not to exclude former Soviet Union Oligarchs who are mindlessly wealthy. Everything about this proposal screams a last-ditch effort by the new world order to fight back against the Nationalist/Populist moment sweeping the EU.

      UNELECTED PEOPLE deciding the fate of Democratic nations. Sound familiar AMERICA? This is a perfect example of the DEEP STATE Elwood and the company is fighting so hard to protect calling it a right-wing conspiracy.

      • Doom and Gloom says:

        ($321 billion) a year may be required after 2030 to meet the targets.

        Sound familiar.

        Remember Obamacare didn’t kick in until AFTER he was reelected so the people didnt punish him. They punished HRC in 2016 when premiums were going up by as much as DOUBLE after the subsidies disappeared.

  2. Dana says:

    Hey, that’s Europe, not the United States, and if the Europeans want to destroy their economies, well, that’s their choice.

  3. Gman79 says:

    Wait, what about the 350 million exhaling CO2 (4% with every exhalation)? Shouldn’t we have a “zero emission” policy on them as well? In the name of all that’s precious to the planet!!

  4. Mark Matis says:

    THIS is why they cannot afford to pay their share for NATO!!!

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