EU Investment Plan Aims for Carbon Neutrality by 2050
The European Union rolled out a massive, trillion-dollar investment plan Tuesday to deliver on promises to make Europe the first carbon-neutral continent by 2050.The EU would designate one-quarter of its budget to fighting climate change over the next decade. The trillion-dollar price tag would come from a mix of EU and national government funds, as well as investment from the private sector. It targets the EU’s ambitious goal of ensuring greenhouse emissions reach net zero in 30 years. European Commission President Ursula von der Leyen, who late last year announced …