The energy we need: An intergenerational outlook
The European Union and its member states have been ramping up efforts over the past two years to combat climate change and decarbonize as many sectors as possible, from standpoints of both policy and the economy. The European Commission published its Green Deal in December 2019 and subsequent Fit-For-55 legislative package in July 2021, which set some very ambitious decarbonization goals. These included a 55% reduction in greenhouse gas emissions (as compared with 1990 values) by the end of 2030 and complete carbon neutrality within the year 2050.