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'Fit for 55’ legislation
July 19 , 2021
1138 days
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- The European Union’s executive branch released a new legislation.
- It is to meet its pledge of cutting emissions of gases causing global warming by 55% this decade.
- EU’s ‘fit for 55’ legislation includes a controversial plan to tax foreign companies for pollution caused by them.
- This Legislation also provides for de-facto phasing out of gasoline and diesel cars by 2035.
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