Bloc adopts key laws for climate goal

The European Parliament has approved three key pieces of climate law from its pioneering Fit for 55 package, which aims to reduce greenhouse gas emissions by 55 percent by 2030.

The decision confirms an updated emissions-trading system, a carbon border levy on imported goods and an 87 billion euro ($95 billion) social fund, reported the EUobserver news site.

The move is said to be a major step toward the European Union's wider goal of climate neutrality by 2050.