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Environment & Energy Report

EU Should Aim for 2050 Carbon Neutrality, European Commission Says

Nov. 28, 2018, 3:08 PM

Carbon neutrality by 2050 would make the European Union around 2 percent richer than it would be otherwise, mainly due to deep cuts in imported fossil fuels, the European Commission said in a strategy paper published Nov. 28.

To reach that point, however, the bloc would have to increase its spending on its energy system from about 2 percent of gross domestic product currently to 2.8 percent, the commission said.

Cutting the bloc’s greenhouse gas emissions in effect to zero is necessary because “we cannot safely live on a planet with a climate that is out of control,” said...

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