EU to Unveil Carbon Neutral Climate Package

The video discusses the European Union's ambitious plan to become a carbon-neutral continent by 2030, focusing on the 'Fit for 55' proposal which aims to reduce emissions by 55%. This involves changes across various industries and includes 12 legislative pieces. The process is political and typically takes two years, but urgency is required due to the 2030 deadline. Carbon pricing, including the European Emissions Trading System and potential carbon tax, is crucial to the plan, with expectations of increased costs for polluting industries.

What challenges does the European Union face in implementing the proposed climate measures by 2030?

What are the two key pillars of pricing that the European Commission is expected to touch upon?