The European Commission has proposed a significant emissions cut. First recommended by the European Scientific Advisory Board on Climate Change (ESABCC), the target would see European Union nations cut their annual net emissions by a whopping 90% from the 1990 level by 2024. The recently endorsed target compares to the Fit-for-55 package’s 55% emissions target by 2030 and implies the end of coal use.

European Commissioner for Energy Kadri Simson says the EU’s executive arm is sending “a clear message to investors” that the regional bloc will stay true to…

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