Fossil fuel economy has 'reached its limits': European Commission

The Commission unveiled proposals to transform the EU economy to meet climate ambitions, include removing historic tax incentives for oil and gas projects and boosting renewables

Unveiled: European Commission President Ursula von der Leyen presents the EU's new climate policy proposals as EU Commissioner Paolo Gentiloni sits next to her in Brussels on 14 July
Unveiled: European Commission President Ursula von der Leyen presents the EU's new climate policy proposals as EU Commissioner Paolo Gentiloni sits next to her in Brussels on 14 JulyPhoto: REUTERS/SCANPIX
Published 14 July 2021, 17:50Updated 14 July 2021, 18:06