Event #2 TOMORROW - European Commission will announce an action...

Event #2 TOMORROW - European Commission will announce an action plan to reduce carbon emissions by 55% by 2030

What is it: Dubbed the EU’s “Fit for 55" package, tomorrow night EU leaders will lay out how Europe intends to achieve a raft of ambitious plans to drastically cut emissions by 55% over the next decade.

Why it matters: These announcements will reveal Europe’s ACTUAL action plans covering:

1. Emissions trading systems.

2. Renewable energy targets.

3. New green rules into the transport sector - which could be positive for EMN as they are recycling old mine tailings, and their manganese could be considered “recycled”.

4. A new carbon border tax

When is it: Tomorrow night

Where to watch: No Live Stream available that we know of yet - keep an eye on mainstream media for updates.

What to expect:

The EU wants to put the 27 EU countries and the European Parliament on track to meet its 2030 goal of reducing emissions by 55% from 1990 levels.

The "Fit for 55" package will be released on Wednesday and will outline just how the EU will try to achieve this.

In terms of Electric Vehicles specifically, it looks like this:

1. The EU has set a target of one million charging-points for electric vehicles by 2025, and three million by 2030.

2. Stricter CO2 limits for cars and vans in the EU could completely ban new petrol and diesel vehicles from 2035.

3. Analysis by the EU commission suggests a 38 to 40-percent-reduction target is needed to reach EU climate goals.

The EU’s greenhouse gas emissions are mostly made up of transport emissions which are rising. The Commission wants the number of emissions caused by transport to fall by 90 percent by mid-century.

EU officials are mulling whether to set a zero emissions target from 2035 and to boost the existing 2030 target to 60 percent.

If you’re interested in its other policy strategies, check out this article: