EU agrees to double renewables by 2030 and UK unveils its long-awaited climate plan | CNN Business

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The EU reached a provisional deal to increase its renewable energy targets, an important pillar of the bloc’s plans to fight climate change and end dependence on Russian fossil fuels, and the UK released its long-awaited climate strategy

Two big announcements in European climate policy came Thursday. The European Union reached a provisional deal to increase its renewable energy targets, an important pillar of the bloc’s plans to fight climate change and end dependence on Russian fossil fuels. And the United Kingdom released its long-awaited climate strategy, promising “an energy revolution.

The European Commission has said additional investments of 113 billion euros in renewable energy and hydrogen infrastructure will be needed by 2030, if EU countries are to end their reliance on Russian fossil fuels. Thursday’s deal must be approved by the European Parliament and EU countries to become law, normally a formality. UK climate strategy The United Kingdom also announced its own climate strategy Thursday.

 

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