European Union will tighten economic standards

European Union will tighten economic standards

April 22, 2021 0 By autotimesnews

According to published data, the European Union has approved the entry into force of new environmental regulations that greatly limit the amount of greenhouse gas emissions into the atmosphere. The new law is reportedly passed ahead of the US-sponsored climate summit on April 22 and 23.

The new climate law calls for a 55% reduction in greenhouse gas emissions from 1990 levels by 2030. Meanwhile, global production is expected to reach zero emissions by 2050, limiting global warming.

It is noted that the new law still needs to undergo a number of revisions and approvals, but at present the European lawmakers are proud of the work done. Note that the law requires the EU leadership to create a separate supervisory body for compliance with the requirements of the new environmental standards.