Europe gets specific on climate plans

Why it matters: While the world's biggest emitters all have gauzy long-term targets, the European plan is aimed at crafting granular, on-the-ground rules designed to meet the top-line aspirations.

Yes, but: Today's unveiling means lots of difficult wrangling ahead among the bloc's powers. Reuters notes that the "Fit for 55" proposals "will face months of negotiations between the 27 EU countries and the European Parliament."

The intrigue: Part of the plan is new import taxes on goods from nations that lack strong climate policies.

• "That move has sparked fears that protectionism will derail hopes for a new era of international climate change cooperation ushered in by Biden's presidency," Politico reports.
• President Biden's campaign platform vowed "fees or quotas on carbon-intensive goods from countries that are failing to meet their climate...obligations." But the future of that effort is unclear.