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.â€
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.â€
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.
