The EU is clearly overselling the green deal. -- the "green" share in EU projects is vastly exaggerated through a creative accounting method. The recently proposed 55% reduction in CO2 emissions by 2030 is relative to 1990.
This target requires CO2-emissions-free energy production, traffic, buildings, and almost the entire manufacturing economy. De-carbonization will be either EXTREMELY expensive or, not feasible at all.
Of course the rest of the world must adopt the same targets. Otherwise, production will simply relocate. A CO2 border tax would be required to prevent this relocation. Unless and until China is willing to act, nothing is going to happen. ... How many years ago was it that Green New Deal advocates said the world would end in 10 years?
