European Parliament approves deal on climate neutrality by 2050

Brussels, June 24 (EFE).- Members of the European Parliament endorsed on Thursday the deal on climate neutrality by 2050.

The new EU Climate Law increases the 2030 emissions reductions target from 40% to at least 55% compared to 1990 levels.

The deal had already been informally agreed on with member states in April, but Thursday’s vote transforms the green deal into a binding obligation.

“The agreement gives European citizens and businesses the legal certainty and predictability they need to plan for this transition,” the EP said in a statement.

By 2023, the Commission will assess every five years the progress made by member states towards becoming climate neutral by 2050.

After 2050, the EU will aim for negative emissions.

“I am proud that we finally have a climate law,” EP rapporteur Jytte Gutenlad said in a statement.

“I would have preferred to go even further, but this is a good deal based on science that will make a big difference. The EU must now reduce emissions more in the next decade than it has in the previous three decades combined, and we have new and more ambitious targets that can inspire more countries to step up,” he added.

Once the deal is approved by the Council, it will enter into force 20 days later. EFE

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