Europe’s Climate Quandary
The European Union aims to achieve carbon neutrality by 2050 and establish itself as a global leader in green industries while maintaining fiscal discipline. But accomplishing these objectives simultaneously is impossible, and the bloc must decide what it is willing to sacrifice.
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WASHINGTON, DC – As Europe sets its sights on becoming the world’s first carbon-neutral continent, it must perform a delicate balancing act. Can the European Union transform its economy while enhancing its competitiveness? And can it achieve these goals while maintaining its status as a shaper of global standards and adhering to its principles of fiscal responsibility?