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European Commission President Ursula Von Der Leyen. Photo: Nicolas Economou/NurPhoto via Getty Images

An interesting Bloomberg piece compares the European Union's newly unveiled climate proposals with the Green New Deal that's in vogue in American progressive circles on the left.

The intrigue: There's a lot there, but at one point the authors wonder whether the multitopic focus of the Green New Deal — which tackles health care, job and wage guarantees — will make it tougher to implement than the European Green Deal.

The big picture: The piece looks at the European goal of achieving net-zero greenhouse gas emissions by 2050. "Even ultra-conservative European governments, such as Poland’s, which resisted committing themselves to Green Deal goals, didn’t object to the bloc striving to meet the objective," they report.

  • The story notes that while even modest climate efforts have faced hostility from conservative in Congress, the GND's scope may be making its path even harder.
  • "[T]he Green New Deal’s very broad ambition has made it a favorite target of Republicans, who have tried to cast it as an illustration of how their liberal opponents are both dangerous and laughably unrealistic," it states.

Of note: There's no single Green New Deal, so Bloomberg uses a mashup of concepts in the congressional resolution and plans from Democratic White House hopefuls.

One big question: Will senior Capitol Hill Democrats, as they start preparing climate legislation that would be ready if the party regains control of Washington, take their cues from the Green New Deal's breadth?

  • I put that question to the Democratic spokesperson for the House Select Committee on the Climate Crisis, which is due to produce policy ideas by March 31. The answer was ... vague.
  • "Since climate change affects every aspect of our economy, we intend to provide recommendations that will allow Congress to address the climate crisis comprehensively," Melvin Felix said.

Go deeper: Europe's big climate deal exempts coal-reliant Poland

Go deeper

Biden taps Brian Deese to lead National Economic Council

Brian Deese (L) in 2015 with special envoy for climate change Todd Stern (C) and Secretary of State John Kerry (R). Photo: Mandel Ngan/AFP via Getty Images

President-elect Joe Biden announced Thursday that he has selected Brian Deese, a former Obama climate aide and head of sustainable investing at BlackRock, to serve as director of the National Economic Council.

Why it matters: The influential position does not require Senate confirmation, but Deese's time working for BlackRock, the world's largest asset manager and an investor in fossil fuels, has made him a target of criticism from progressives.

Felix Salmon, author of Capital
26 mins ago - Economy & Business

The places regulation does not reach

Illustration: Aïda Amer/Axios

Financial regulation is not exactly simple anywhere in the world. But one country stands out for the sheer amount of complexity and confusion in its regulatory regime — the U.S.

Why it matters: Important companies fall through the cracks, largely unregulated, while others contend with a vast array of regulatory bodies, none of which are remotely predictable.

1 hour ago - Economy & Business

Boeing gets huge 737 Max order from Ryanair, boosting hope for quick rebound

Ryanair low cost airline Boeing 737-800 aircraft as seen over the runway. Photo by Nik Oiko/SOPA Images/LightRocket via Getty Images

Dublin-based Ryanair said it would add 75 more planes to an existing order for Boeing's 737 Max airplanes, a giant vote of confidence as Boeing seeks to revive sales of its best-selling plane after a 20-month safety ban following two fatal crashes.

The big picture: Ryanair's big order, on the heels of breakthrough vaccine news, is also a promising sign that the devastated airline industry might recover from the global pandemic sooner than expected.

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