BR100 Increased By (0.11%)
BR30 Increased By (0.33%)
KSE100 Increased By (0.13%)
KSE30 Increased By (0.12%)
BECO 5.39 Decreased By ▼ -0.04 (-0.74%)
BML 56.74 Increased By ▲ 1.05 (1.89%)
BOP 35.49 Increased By ▲ 0.11 (0.31%)
CNERGY 8.15 Decreased By ▼ -0.05 (-0.61%)
DCL 11.52 Decreased By ▼ -0.03 (-0.26%)
FCCL 59.23 Increased By ▲ 0.87 (1.49%)
FCSC 5.14 Increased By ▲ 0.02 (0.39%)
FFL 17.75 Decreased By ▼ -0.09 (-0.5%)
FNEL 1.25 No Change ▼ 0.00 (0%)
HUMNL 11.15 Increased By ▲ 0.08 (0.72%)
KEL 8.71 Decreased By ▼ -0.04 (-0.46%)
KOSM 6.74 Increased By ▲ 0.05 (0.75%)
MLCF 108.15 Increased By ▲ 1.00 (0.93%)
NBP 204.49 Increased By ▲ 2.76 (1.37%)
PACE 11.30 No Change ▼ 0.00 (0%)
PAEL 45.30 Increased By ▲ 0.81 (1.82%)
PIAHCLA 29.69 Increased By ▲ 0.28 (0.95%)
PIBTL 18.77 Increased By ▲ 0.13 (0.7%)
PPL 248.00 Increased By ▲ 0.02 (0.01%)
PRL 35.44 Increased By ▲ 0.15 (0.43%)
PTC 65.50 Decreased By ▼ -0.64 (-0.97%)
SEARL 95.94 Increased By ▲ 0.45 (0.47%)
SSGC 31.70 Decreased By ▼ -0.34 (-1.06%)
TELE 8.86 Decreased By ▼ -0.01 (-0.11%)
THCCL 66.69 Increased By ▲ 0.08 (0.12%)
TPLP 10.50 Decreased By ▼ -0.07 (-0.66%)
TREET 25.40 Increased By ▲ 0.10 (0.4%)
TRG 64.40 No Change ▼ 0.00 (0%)
WAVES 11.02 Increased By ▲ 0.12 (1.1%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
World Print edition: 2020-03-05

EU unveils climate law

Published March 5, 2020 Updated March 4, 2020 10:56pm

Europe unveiled a landmark green growth law on Wednesday but failed to impress teenage activist Greta Thunberg, who dubbed it a "surrender" to the threat of climate change. The European Commission's draft of the law mandates EU members to achieve "climate neutrality" - net zero greenhouse emissions - by 2050. It is seen in Brussels as the trigger to an economic revolution that will make Europe sustainable and meet the targets of the Paris climate accord.

The proposal "will be our compass for the next 30 years and it will guide us every step of the way as we build a sustainable new growth model," European Commission President Ursula von der Leyen told reporters.

It "will set in stone Europe's position as a climate leader on the global stage and will inspire many of our partners." But 17-year-old Swedish eco-warrior Thunberg poured cold water on von der Leyen's enthusiasm and accused Europe of making false claims of leadership on the environment.

The European Union must stop "pretending that you can be a climate leader and still go on building and subsidising new fossil fuel infrastructure," the Swedish activist told a committee hearing at the European Parliament.

Thunberg was in the Belgian capital ahead of a Friday climate action protest, but had also been a guest of Von der Leyen at a meeting of top EU officials that approved the proposal.

The proposed climate text aims to enshrine into law the EU's grand ambition of zero net carbon emissions by mid-century. It would also give the EU executive new powers to impose emission targets on member state governments, a measure welcomed by greens and some activists. But handing more power to the commission, the EU's executive arm, faces almost certain opposition from the national governments and the European Parliament which must ratify the proposal.

Copyright Agence France-Presse, 2020

Comments

Comments are closed for this article.