The European Commission says the deal covers all economic sectors.
One of the plan's key aims is for the European Union to be climate neutral by the year 2050.Thierry Monasse | picture alliance | Getty Images
Other goals include revising the EU's greenhouse gas emission reductions target for the year 2030, boosting it to "at least 50% and towards 55%" compared to levels in 1990. In a press statement issued Wednesday the Commission's President Ursula von der Leyen said the deal focused on cutting emissions, as well as creating jobs and boosting innovation.
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