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Illustration: Sarah Grillo/Axios

European Union officials Thursday unveiled sweeping and detailed legislative proposals meant to breathe life into the bloc's goal of cutting greenhouse gas emissions by 55% from 1990 levels by 2030.

Driving the news: The wide-ranging documents aim to strengthen policies around vehicle emissions, renewable power, emissions trading markets, land use, efficiency, and much more. You can find them here.

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.

Go deeper

Updated 5 hours ago - Energy & Environment

What to know about COP26 in Glasgow

A banner advertising the upcoming COP26 climate talks in Glasgow, U.K., on Oct. 20. Photo: Ian Forsyth/Bloomberg via Getty Images

More than 100 world leaders — as well as thousands of diplomats and business leaders — are set to converge on Glasgow, Scotland, starting Oct. 31 to try to set new emissions reduction goals at the COP26 climate summit.

Why it matters: It's an annual meeting, but this year's assembly is viewed as crucial, since climate scientists warn that time is running out to secure necessary greenhouse gas emissions cuts to avoid potentially devastating climate change impacts during the next several decades.

White House unveils landmark reports on climate links to security, migration

Photo Illustration: Shoshana Gordon/Axios. Photo: John Moore/Getty Images

The Biden administration on Thursday released a sweeping set of assessments on climate change's threat to national security and its role in fueling migration.

Why it matters: One of the key products, a formal National Intelligence Estimate on climate change, marks the first time all 18 elements of the U.S. intelligence community have released a consensus report on the topic.

New Zealand passes "world-first" climate change disclosure law for banks

Commerce and consumer affairs minister David Clark and Prime Minister Jacinda Ardern at Parliament in Wellington, New Zealand, in 2018. Photo: Mark Tantrum/Getty Images

New Zealand passed a "world-first" law requiring financial institutions to disclose and act on climate change impacts concerning their businesses, officials announced Thursday.

Why it matters: About 200 of the "largest financial market participants in New Zealand" will have to "disclose clear, comparable and consistent information about the risks, and opportunities, climate change presents to their business," per a statement from commerce and consumer affairs minister David Clark.

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