EU net zero goal spooks eastern and central Europe

Key business and government decision makers in central and eastern Europe are 'afraid' of the European Commission’s plan for the EU to go carbon neutral by 2050, particularly for the auto sector

Key business and government decision makers in central and eastern Europe are “afraid” of the European Commission’s plan for the EU to go carbon neutral by 2050, with the region’s large automotive sector the focus of particular concern.

The EU’s climate narrative is “scary”, said Daniel Kretinský, chairman of the board of EPH, a Czech-based utility that has been buying up coal and gas plants across Europe. He was speaking at the Globsec Tatra Summit 2019, held in Slovakia from 11 to 13 October.

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