The European Commission has unveiled its “European Green Deal,” after taking hints on denomination from its American counterpart, the “Green New Deal.” While the legislation introduced in the US Congress remains fiction under a Republican executive and senate, the Brussels initiative will become law unless there is considerable opposition from EU member states.
The New Green Deal contains major implications for industry and consumers, including higher energy taxation, higher levies on shipping and aviation, higher road emissions duties, forcing companies to rethink recycling and repairing electronics, and making free trade deals more difficult to conclude.
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