EU leaders to push for net-zero greenhouse gas emission by 2050

European Union leers' meeting which is scheduled to take place next week in Brussels will push for an agreement on blocke of net-zero greenhouse gas emissions by 2050, as evident from ir draft joint statement released on Monday, heralding a bitter fight looming at ir garing. meeting will take place on December 12 and 13.

upcoming summit will aim to endorse " objective of achieving a climate-neutral EU by 2050." draft which is prepared in vance of leers' discussions may still change. Three out of four nations of Visegr group- Poland, Hungary and Czech Republic h blocked earlier attempts stating ir dependence on highly polluting coal. y claimed that y previously opposed climate neutrality by 2050 because cutting greenhouse emissions will suffocate ir ecomies.

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Just and socially balanced transition

To convince reluctant camp, draft summit conclusions refer to "just and socially balanced transition." It also includes European Investment Bank's anuncement that was to unlock 1 trillion euros worth of green investment until 2030, need to ensure energy security and competitiveness vis-à-vis foreign powers t pursuing such climate goals. new commission which is led by Germany's Ursula von der Leyen aims to push for climate neutrality by mid-century. immediate targets envis cutting EU's greenhouse gas emissions by 40 per cent by 2030 from 1990 levels and hope to raise goal at least 50 per cent. draft will eventually need unanimous backing of all EU national leers for re to be an agreement at summit.

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In previous year's meeting, European Commission presented its strategic long-term vision for a prosperous, modern, competitive and climate-neutral ecomy by 2050. y also presented a strategy showing how Europe can le way to climate neutrality by investing into realistic techlogical solutions, empowering citizens, and aligning action in key areas such as industrial policy, finance, or research – while ensuring social fairness for a just transition.