EU to Propose Sweeping Economic Plan to Combat Climate Change

 EU to Propose Sweeping Economic Plan to Combat Climate Change

PARIS—The European Union is set to propose a sweeping program on Wednesday to transform the region’s economy to fight climate change, slashing its reliance on fossil fuels and potentially jolting global trade with import levies that would hit high-emitting countries.

The package, drafted by the European Commission, the EU’s executive arm, ranks among the most ambitious plans yet by a major economic power to reduce greenhouse gas emissions, requiring companies and households to adopt cleaner technologies such as wind turbines, solar power and electric vehicles. It would limit pollution across the European economy, including electricity generation, automobiles, housing, shipping and agriculture.

The plan also aims to project the bloc’s stance on slashing emissions abroad by imposing the world’s first tax on imports based on the greenhouse gases emitted to make them. The move is contentious as countries prepare to convene at a…

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