Huge investment needed to make Europe’s heavy industry carbon neutral

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Broad strokes set out for an unprecedented policy to make Europe the first climate-neutral continent

Brussels — European heavy industries such as cement, steel and refining will need huge investment if the continent is to reach a goal of being carbon neutral in three decades, a new report says.

Ursula von der Leyen, who will become EU Commission president on December 1, has laid out the broad strokes of an unprecedented policy to make Europe the first climate-neutral continent by 2050, a strategy that would put the region ahead of its main trading partners China and the US in tackling pollution and making good on the Paris Agreement to limit global warming.

 

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