EU Commission chief pledges support for Germany flood relief

The video discusses recent flooding events in Europe and their connection to climate change, emphasizing the increasing intensity and duration of extreme weather. It highlights the urgency to act against climate change and outlines a roadmap for combating global warming. The video also explores economic opportunities in adopting clean technologies and a circular economy, suggesting that these innovations can lead to a sustainable and prosperous future.

What does the text imply about the current economic model based on fossil fuels?

What are the characteristics of the economy that the text advocates for?