BRUSSELS SPROUTS
THE EU is rapidly falling out of love with its Green Deal agenda, a series of laws committing the bloc to net zero carbon emissions by 2050, which were passed with hefty cross-party majorities and hifalutin rhetoric about the green transition between 2019 and 2024.
Leaders are now counting the costs of going carbon neutral, particularly on businesses facing US tariffs and Chinese competition. Germany and France have been leading the charge to water down as many green deal laws as possible and that has delayed a Commission proposal, initially promised for March, setting the carbon emissions targets for 2040.