EU to counter U.S. climate game changer with own green deal

The European Union responded to U.S. moves to boost its energy transition with its own plans to make life easier for green industry, saying it would mobilize state aid and a sovereignty fund to keep firms from moving to the United States. | Reuters

envoy John Kerry told a separate panel on financing the transition to a low carbon economy that the only way to avoid catastrophic damage caused by“How do we get there? The lesson I have learned in the last years … is money, money, money, money, money, money, money,” Kerry said of what was needed for the world to stand any chance of meeting the 2015 Paris Agreement goal of limiting global warming to 1.5 degrees Celsius above pre-industrial levels.

prepares to set up this fund – aimed at making domestic industries more competitive, especially againstindustry would also involve loans and grants.

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