Timmermans warns MEPs of the cost of failure to act on climate

The European Green Deal (EGD) offers the best possible road map for the EU to achieve carbon-neutrality by 2050, European Commission vice-president Frans Timmermans told lawmakers on Wednesday.

Presenting the 24-page EGD roadmap at an extraordinary session of the European Parliament, the veteran Dutch politician said an assessment of the economic impact of raising the 2030 target to a 50-55% reduction in greenhouse gas emissions compared with 1990 levels should indicate a well-balanced approach to achieving the mid-century goal.

Timmermans acknowledged concerns expressed by several MEPs over the cost of the economic and industrial transformation outlined in the green deal. “Yes, but don't forget what the cost is of not acting,” he cautioned them. “We see it every day.”

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