The EU’s ambitious plan to cut greenhouse gas emissions; and Biden outlines his antitrust vision

MLex Market Insight

The European Union’s ambitious plan to transform the region’s economy in a bid to combat climate change took a step forward this week, with the announcement of a series of proposals that would help reach ambitious targets to cut the bloc’s carbon emissions. Under the EU’s proposed “Fit for 55” package, which sets a 55 percent emissions cut from 1990 levels by 2030, companies across the energy, transport and heavy industry sectors face a mix of carbon-pricing measures and regulations to accelerate the switch to cleaner fuels and energy sources. Also on this week’s podcast: the Biden administration’s wide-ranging executive order sets out an antitrust and privacy vision with wide-ranging implications for Big Tech.