EU drafts laws to green everything from trade to energy

The EU is planning a grand-scale economic transformation to take place ahead of 2030, with a wide range of legislation meant to enforce environmental protection and more aggressive cuts to carbon emissions.

Photo: Martin Lehmann

The European Union plans to overhaul its entire economy this decade with more than a dozen green laws to enact stricter climate goals.

A legislative package to be unveiled in June will reinforce carbon pricing mechanisms, foster energy savings, increase the production of renewable energy, boost sustainable transport and curb imports of products that drive deforestation, EU climate czar Frans Timmermans told US lawmakers on Tuesday. The goal is to ensure that the 27-nation bloc meets a tighter target to reduce greenhouse gases by at least 55 percent by 2030, compared with 1990 levels.

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