EU lawmakers reach ambitious deal on climate law: Here’s everything you need to know

In an unprecedented move, the European Union lawmakers reached a tentative climate deal in order to make the 27-nation bloc’s climate goals legally binding.

“Our political commitment to becoming the first climate neutral continent by 2050 is now also a legal commitment. The Climate Law sets the EU on a green path for a generation,” said EU Commission President Ursula von der Leyen.

Under the provisional deal, the EU also commits itself on an intermediate target of reducing carbon emissions by at least 55 per cent by 2030 compared to 1990 levels.

According to experts, the EU pact sets the stage for more stringent rules that will affect industries, including transportation, energy.