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illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:
🗞️ Driving the news: The recent shift towards right-wing parties in the European Parliament election suggests it will be harder to pass new EU climate policies, although most existing green laws will likely remain unchanged
🔭 The context: Gains for right-wing parties skeptical of the EU's "Green Deal" and losses for Green parties will complicate approval of new climate measures
• The new European Commission and Parliament will play crucial roles in shaping future policies, especially with upcoming decisions on the 2040 climate target
🌍 Why it matters for the planet: Slowing the passage of new climate policies could delay the EU's progress towards its 2050 net zero emissions goal, impacting global efforts to mitigate climate change
⏭️ What's next: The EU will focus more on security and industrial policies, with potential delays in new climate ambitions
• Existing climate laws will likely stay, but new proposals, particularly those affecting sectors like farming, may face significant challenges
💬 One quote: "I don't think that we'll be rolling back on (climate) policies. But I do think that it will be more complicated to get new policies off the ground." - Bas Eickhout, head of the European Parliament's Greens lawmaker group
📈 One stat: EU emissions are down by nearly a third from 1990 levels, showcasing the impact of current climate measures
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