EU Climate Deal

GS PAPER III: Conservation, environmental pollution and degradation, environmental impact assessment.

Context: EU reaches major climate deal ahead of Biden climate summit

More about news:

• The European Union reached a tentative climate deal that should make the 27-nation bloc climate-neutral by 2050.
• It’s political commitment is to become the first climate neutral continent by 2050.
• The Climate Law sets the EU on a green path for a generation.
• EU also commits itself on an intermediate target of cutting greenhouse gas emissions by at least 55 percent by 2030 compared to 1990 levels.
• The United States, the world's second-biggest polluter after China, is preparing to announce its new target for cutting greenhouse gas emissions by 2030.
• The deal still needs to be officially approved by the member states and the legislature.

About EU:

• The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe.
• The EU has developed an internal single market through a standardised system of laws that apply in all member states in those matters, and only those matters, where members have agreed to act as one.
• EU policies aim to ensure the free movement of people, goods, services and capital within the internal market; enact legislation in justice and home affairs; and maintain common policies on trade, agriculture, fisheries and regional development

https://www.thehindu.com/news/international/eu-reaches-major-climate-deal-ahead-of-biden-climate-summit/article34373685.ece?homepage=true