"America's Final Invention"

An invention far beyond our current technology -- even artificial intelligence -- could go live any day now. When it launches, the world economy could accelerate by as much as 250 times its normal rate. But it could also send millions of Americans into poverty.

Landmark EU nature restoration plan gets the green light despite months of protests by farmers

SAMUEL PETREQUIN
June 17, 2024

BRUSSELS (AP) -- European Union countries on Monday gave final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc, a divisive issue after months of protests by farmers who argued that EU environmental and climate laws were driving them toward bankruptcy.

After surviving a razor-thin vote by lawmakers last summer, the so-called Nature Restoration Plan faced opposition from several member states, leaving the bill deadlocked for months.

The law, which aims at restoring ecosystems, species and habitats in the EU, was finally adopted at a meeting of environment ministers in Luxembourg after rallying the required support from a qualified majority representing 15 of the 27 member states and 65% of the EU population. Austria's vote in favor of the plan helped to break the stalemate.

"This is the final step before this law can enter into force," said the Belgian presidency of the EU Council.

The Nature Restoration plan is part of the EU's European Green Deal that seeks to establish the world's most ambitious climate and biodiversity targets and make the bloc the global point of reference on all climate issues.

Under the plan, member states will have to meet restoration targets for specific habitats and species, to cover at least 20% of the region's land and sea areas by 2030.

"The result of hard work has paid off," said Belgian Environment Minister Alain Maron. "There can be no pause in protecting our environment. The EU Council makes the choice to restore nature in the EU, protecting its biodiversity and our living environment."

Austria's environment minister, Leonore Gewessler, voted for the plan after months of domestic political debate. The move by Gewessler, a member of the Green party, infuriated the senior partner in the coalition government -- Chancellor Karl Nehammer's conservative Austrian People's Party -- ahead of a national election set for Sept. 29.

"My conscience tells me unmistakably (that) when the healthy and happy life of future generations is at stake, courageous decisions are needed," Gewessler wrote on social network X.

Ahead of the vote, the chancellery said Nehammer informed the Belgian EU presidency that a vote in favor of the plan by Gewessler would be unlawful, the Austria Press Agency reported. Nehammer's office said after the decision that Austria will file a suit at the European Court of Justice to nullify the vote.

An EU official said Gewessler's vote was legally binding and that the Council's legal service had confirmed this point. The person was not authorized to speak publicly in line with EU practices.

In the buildup to the EU elections that saw a shift to the right earlier this month, European farmers complained about the many environmental laws governing the way they work, arguing that the rules were harming their livelihoods and strangling them with red tape.

Under the new law, EU countries will be required to restore at least 30% of habitats such as forests, rivers, grasslands, wetlands, lakes and coral beds deemed in poor condition by 2030. This percentage is set to increase to 60% by 2040 and 90% by 2050. The law also introduces specific requirements for measures to reverse the decline of pollinators.

The EU's main agricultural group, COPA-COGECA, said the plan lacks clear and consistent funding and that the law cannot be implemented on the ground.

Environmental organizations and a coalition of big companies insisted last year that the legislation was crucial to tackle both climate change and nature loss. But the plan lost some of its progressive edge during negotiations because of fierce opposition from the EU Parliament's main political group, EPP, which along with other conservatives and the far right has insisted the plans would undermine food security, fuel inflation and hurt farmers.

As a result, the nature restoration plan was weakened. For instance, until 2030 member states can only prioritize sites designated under the Natura 2000 network, which covers Europe's most valuable species and habitats. There is no obligation to implement the law in other natural areas.

EU countries must restore at least 30% of drained peatlands by 2030, but the target for rewetting is set at national level, meaning that individual farmers and private landowners will not have responsibility for meeting it.

The law also provides for an emergency brake, as requested by Parliament. Targets for agricultural ecosystems can be suspended under exceptional circumstances if they severely reduce the land needed to produce sufficient food for EU consumption.

Environmental lobby group Greenpeace said a failure by EU governments to approve the law would have been embarrassing ahead of the next U.N. biodiversity meeting in Colombia in October.

"Despite the weakening of the law, this deal offers a ray of hope for Europe's nature, future generations and the livelihoods of rural communities," said Greenpeace biodiversity campaigner ?pela Bandelj Ruiz. "Healthy ecosystems offer protection against extreme weather, water shortages and pollution."

___

Geir Moulson in Berlin and Raf Casert contributed to this report.

Continue Reading...

Popular

New Mexico state spending plan seeks more federal Medicaid dollars as Donald Trump takes office

SANTA FE, N.M. (AP) — Leading New Mexico legislators on Wednesday recommended a 5.7% general fund spending increase for the coming fiscal year that emphasizes health care access, public school improvements, and early education and childcare programs that can boost household finances.

Bloomberg reports that Meta will lay off 5% of staff

News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.

Get Your Retirement Plan in Shape in 2025 - Ad

The clock is ticking -- make the most of Q1 to set up a retirement plan that works for you. Datalign Advisory can help you get everything in order before tax time.

JP Morgan Analyst Sees Earnings Upside For Morgan Stanley Post-Q4 Beat: Details

Morgan Stanley reports strong Q4 results, beating expectations for EPS and revenue. Analyst expects outperformance and potential EPS upgrades.

The No. 1 Stock for Trump's Second Term? - Ad

Legendary investor Louis Navellier's stock rating system gave a buy rating to ALL of the top 30 performing stocks in the S&P 500 index of Trump's first term... ALL of them! His system is now rating these stocks as a "BUY" for Trump's second term.

Why is Spain considering a 100% tax on homes bought by non-EU residents?

MADRID (AP) — Spain is planning a raft of measures to address its , including an up to 100% tax on properties that non-European Union residents buy.

Head of US cybersecurity agency says she hopes it keeps up election work under Trump

NEW YORK (AP) — Jen Easterly, the outgoing head of the U.S. government’s Cybersecurity and Infrastructure Security Agency, said Wednesday she hopes her agency is allowed to continue its under new leadership despite “contentiousness” around that part of its mission.

Missed Tesla? Don't Miss Elon's Next Big Move - Ad

Regardless of your personal opinion on Elon Musk... It's proven how effective he can be at creating millionaires with every new startup he touches. And while nothing is certain... I believe Elon's next venture, his "Final Move," could mint more millionaires than any project he's ever been a part of before.

Britain's leader unveils AI strategy, including vow to rip up red tape hindering AI projects

LONDON (AP) — The British government pledged on Monday to rip up the red tape hindering construction of data centers that underpin artificial intelligence while promoting its “pro-innovation” approach to regulating the technology.

Declassified: "Amazon Coin" Revealed - Ad

Starting January 20th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2025.

Austrian far right and conservatives reach budget accord in a step toward new government

VIENNA (AP) — Austrian far-right leader Herbert Kickl and his prospective coalition partners said Monday that they have reached an agreement to bring down the budget deficit, an important first step toward what would be the country's first post-World War II government led by the far right.

The Most Disruptive Technology in Human History - Ad

A brand new technology is lining up to be more disruptive than the internet or even today's most advanced artificial intelligence. Those who prepare now could see massive stock gains. Those who don't could find themselves on the wrong side of history.

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Discover the $25 Bitcoin secret that could turn into a fortune soon. Historically, this secret investment soared by 6,865%, surpassing Bitcoin's own performance. This has nothing to do with buying Bitcoin or any Bitcoin ETFs... You can easily access this secret investment through your standard brokerage account.

What's In Store For Comcast In Q4?

Goldman Sachs analyst forecasts in-line Q4 results for Comcast, with minimal growth in 2025, but anticipates improved investor sentiment in 2025 and beyond.

Limited Time Offer -- Weiss' Gold Playbook - Ad

Do not miss the details about how to claim your piece of high-grade gold bullion -- minted exclusively for Weiss Members. The fact is that gold prices are now higher than ever before. It's critical you get all the critical facts BEFORE the Gold Bull Market Summit recording goes offline.

ChargePoint Outpaces Tesla In EV Network Market Share, But JPMorgan Stays Cautious

ChargePoint dominates U.S. EV charging market with 32% share and 70,000+ ports, but faces challenges with sluggish subsidies and high capex. JPMorgan remains cautious.

Ray Dalio Warns US Could 'Go Broke' As Debt Soars, Urges Action To Avert Crisis

Ray Dalio, founder of Bridgewater Associates, warned that the United States could "go broke" due to mounting government debt problems.

January 20th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on January 20th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

Edmunds highlights the top car-tech trends from CES 2025

CES, formerly known as the Consumer Electronics Show, in Las Vegas continues to provide a sneak peek at future technology. These are the most impressive innovations we saw at this year’s event.

Elon Musk's Final Move - Ad

Elon Musk is DONE. He's finished. Because his latest project may be the last one he'll ever take on. I'm talking about his new, secretive AI startup. Elon's AI promises to be 100 times better than ChatGPT. That's why you need to get all the urgent details on what I call "Elon's #1 AI stock."

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

BANGKOK (AP) — Sen. Tammy Duckworth, grilling President-elect choice for defense secretary over whether he had the “breadth and depth of knowledge” needed to lead international negotiations, asked if could name one member of the , describe what type of agreement the U.S. had with the countries and how many nations were in the bloc.

Analyst Warns of Bitcoin's Uncertain Future Amid Key Support Breakdown: 'It Could Get Ugly'

A prominent cryptocurrency analyst has raised concerns about Bitcoin‘s (CRYPTO: BTC) potential downfall if it fails to maintain a significant support level.

Elon's "Final Move" Could Send This Stock Soaring - Ad

Whenever Elon Musk starts a new venture...Early investors get the opportunity to become millionaires...Early investors in Paypal made as much as 59,500%...SpaceX rose 5,500x in value...And most recently, Tesla jumped over 38,000%!

Biden issues directive allowing Cyprus to buy American arms from the US government

NICOSIA, Cyprus (AP) — President Joe Biden issued a directive Wednesday that allows to buy arms from the U.S. government and get surplus American military equipment in a move welcomed as promoting stability in the eastern Mediterranean.

Trump's pick for budget director won't say whether he would release Ukraine aid

WASHINGTON (AP) — , President-elect Donald Trump’s , declined Wednesday to fully commit to doling out congressionally approved funds, specifically U.S. military aid to Ukraine.

Collect Passive AI Income Every 90 Days - Ad

Tech giants like Amazon, Google, and OpenAI are paying BILLIONS to access this critical AI tech.

Cardano Price Up 6%: What's Going On With ADA?

Cardano's (CRYPTO: ADA) price rally has caught social media traders’ attention as whale activity surges and instit

US government sues Southwest Airlines and fines Frontier for chronically delayed flights

The Transportation Department is stepping up enforcement of persistent with a lawsuit against and against Frontier Airlines.

AI-Powered Cameras + Smart Glass = A Potential Nasdaq Sleeper - Ad

This recent Nasdaq IPO is quietly making waves in two massive markets: AI-powered Advanced Driver Assistance Systems (ADAS) and smart glass technology and this company is poised for substantial growth in the two multi-billion-dollar markets.

Canadian Official Claps Back At Trump's 51st State Comments, Offers To Buy These Two American States

Canadian officials say their country isn't for sale and suggest Donald Trump should sell them two states instead of trying to make its neighbor a state.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service