Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
decarbonization
Economy

Decarbonization in the European Union intensifies: new norms adopted

02.01.2023
2 min read

Decarbonization must be achieved by 2035

The EU is leading the world in the implementation of a climate strategy. Many EU countries have made significant progress in reducing emissions and reducing the use of fossil fuels as required by decarbonization. However, despite good progress, environmental concerns require an acceleration of the pace of phasing out hydrocarbons. As part of this, the EU Parliament approved a bill to tighten transport sector standards.
According to the document, from 2035 there will be a ban on the use of cars and vans with internal combustion engines in the region. In this way, the government hopes to reduce carbon emissions, most of which come from vehicles.
As part of their review of the bill, participating states have agreed to reduce emissions from cars by 55% by 2030. For vans, the proportion of carbon dioxide produced must be reduced by 50%. By 2035 they must reach zero. In addition, for these types of transport, it is planned to introduce registration, which will be held by all vehicles that use green fuel. Across the EU a single system for assessing the emissions of cars will be adopted. Work on the creation of such a methodology should begin in the near future.decarbonization in the European UnionIt should be noted that in 2021 the European Union outlined an initiative aimed at greening the economy. The new bill is part of the European strategy Fit for 55, which will help to halve the volume of harmful emissions within 10 years. Its foundations were adopted in the Paris Agreement, but so far little change has been seen.
Negotiations and approvals for this project lasted several months. The fact is that not all European countries are able to restructure their economic and production processes in 10 years. The development of environmental infrastructure, the level of dependence on fossil fuels, and other factors also play a role. That is why, for a number of countries, the law has been amended, but its goal has remained unchanged: to reduce emissions by 310 million tons. The European Union plans to take a comprehensive approach to achieve this goal. It is not only a question of banning the use of internal combustion engines but also of developing renewable energy sources and increasing the natural absorbers that are forests. In addition to that, the countries will strengthen the regulation of fuel prices and introduce subsidies and incentives for shifting to electric transport.
The increase in hydrocarbon prices has shown how important it is to speed up the process of decarbonization to reduce dependence on fossil fuels and increase the use of renewable energy sources. Experts hope that the new law will achieve its goals and thereby reduce the damage to the environment, which is caused by humanity every minute.

Tags: Economy
0
Previous Post Jay Walker: business areas of a talented businessman Next Post Volkswagen sold its car-sharing business to Miles Mobility

You Might Also Like

Forecast of global economic growth
Economy
Global economic growth forecast by World Bank experts
17.04.2022
Mexico's economy
Economy
How much the Mexico’s economy has suffered: an overview of the situation
06.07.2021
Africa's largest economy Nigeria
Economy
Africa’s largest economy plans to increase the size of sovereign wealth fund
18.05.2023
pound has fallen
Economy
Why the pound has fallen in the UK: the consequences of the Brexit procedure
10.08.2020
African leaders
Economy
African leaders have called on the world community to help
18.12.2020
Chinese authorities
Economy
The Chinese authorities have introduced a number of measures to support the economy
28.12.2020

Recent Posts

  • 1Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023
  • 2AI impact on transformation of the economy
    Is the world facing an imminent economic transformation?
    28.05.2023
  • 3Siemens digital bond
    Siemens digital bond: industrial giant offers to invest in blockchain-based securities
    27.05.2023
  • 4credit rating
    The Fitch agency left Latvia’s credit rating unchanged
    26.05.2023
  • 5Ernest Rady
    Ernest Rady: talented financier and successful businessman
    25.05.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • The London Stock Exchange has announced the acquisition of Refinitiv

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Noventiq
Noventiq plans to float on the Nasdaq exchange
29.05.2023
AI impact on transformation of the economy
Is the world facing an imminent economic transformation?
28.05.2023
Siemens digital bond
Siemens digital bond: industrial giant offers to invest in blockchain-based securities
27.05.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • The London Stock Exchange has announced the acquisition of Refinitiv
  • Inventor and businessman Isaac Singer: a success story
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics