Published on 12:00 AM, October 24, 2020

News in Brief

EU environment ministers strike deal on climate law

European Union environment ministers struck a deal yesterday to make the bloc's 2050 net zero emissions target legally binding, but left a decision on a 2030 emissions-cutting target for leaders to discuss in December. The landmark climate change law will form the basis for Europe's plan to slash greenhouse gas emissions, which will reshape all sectors, from transport to heavy industry, and require hundreds of billions of euros in annual investments. It will fix in law the EU target to reach net zero emissions by 2050 and define the rules for reviewing progress towards climate targets.