'Greener' Energy in Europe Points to Global Production Gap

The European Union is set to ratchet up its climate ambition, overhauling continent-wide regulation aimed at slashing greenhouse gas emissions. The urgency is palpable as news of the climate crisis continues to grow worse. According to the World Meteorological Organization, the world may see 37-41°F (3-5°C) of warming by 2100, far in excess of the 35-36°F (1.5-2.0°C) target that governments are aiming for as part of the Paris Climate Agreement, and at a faster rate than previously thought. Under this grimmer scenario, impacts on coastlines, rainforests, food production and human population are widely expected to be catastrophic. It is against this backdrop that world governments met early February in Madrid for climate talks, where they hope to add more teeth to climate action. Repsol, the Spanish oil company, announced a net-zero emissions target for 2050.