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It will be a landmark law. Climate law has got an approval from European lawmakers on Thursday through which bloc has committed to reach climate neutrality by 2050 a binding obligation. However, this has paved the way for a policy overhaul to cut planet-warming pollution faster. The climate law puts tougher emissions-cutting targets at the heart of EU policymaking. The bill sets targets to reduce net EU emissions by 55% by 2030, from 1990 levels, and eliminate net emissions by 2050.

As per the climate law, the European Union will commit itself to an intermediate target of cutting greenhouse gas emissions by at least 55 per cent by 2030 from 1990 levels and eliminate net emissions by 2050. The 2030 target had been 40 per cent, but under the pressure of increasing evidence of climate change and a more environmentally conscious electorate it was pushed up. The European Parliament had initially proposed an even greater 60 per cent reduction in emissions. The EU must now reduce emissions more in the next decade than it has in the previous three decades combined, and we have new and more ambitious targets that can inspire more countries to step up.

Six years agom world leaders had agreed in Paris to keep the global warming increase to below 2 degrees Celsius (3.6 degrees Fahrenheit), and ideally no more than 1.5 degrees C (2.7 F) by the end of the century.

Scientists are none too optimistic about reaching these goals because they say that drastic steps alone can help in cutting greenhouse gas emissions. Once approved by the Council, the EU institution representing member states, the regulation will become a law entering into force 20 days later.