EU executive wants tougher 2030 climate target, billions in green bonds


  • World
  • Wednesday, 16 Sep 2020

European Commission President Ursula von der Leyen gestures as she addresses her first State of the European Union speech during a plenary session of the European Parliament as the coronavirus disease (COVID-19) outbreak continues, in Brussels, Belgium September 16, 2020. REUTERS/Yves Herman

BRUSSELS (Reuters) - The European Union's chief executive on Wednesday said the bloc should commit to deeper emissions cuts over the next decade, and pledged to use green bonds to finance its climate goals.

With wildfires, drought and collapsing glaciers wreaking havoc around the world, European Commission President Ursula von der Leyen said ambitious action to tackle climate change could create millions of extra jobs, aiding Europe's economic recovery from the coronavirus pandemic.

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