How Big a Deal Is Europe’s ‘Green Deal’?: QuickTake

摘要

The greenest part of the world is getting even more ambitious about fighting climate change. The European Union is laying out a “Green Deal” to drive a sweeping economic transformation of the 28- nation bloc, which is home to more than 500 million people. It includes new rules for companies, financial markets and consumers, along with a pledge to make Europe the first “carbon neutral” continent by 2050. EU leaders say it should spur the U.S. and China to up their game. The plan already has plenty of critics, including countries that will struggle to afford the shift.