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European Union unveils ambitious climate package as it cools on fossil fuels

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EU unveils ambitious climate package as it cools on fossil fuels

A field of rapeseed stands next to the Lippendorf coal-fired power plant which is reflected in a car roof on May 10 in Lippendorf, Germany. The EU has unveiled some of the world's most ambitious proposals to reduce carbon emissions and wean its 27 members off fossil fuels.

The European Union has unveiled some of the world's most ambitious proposals to reduce carbon emissions and wean its 27 members off fossil fuels, including taxes on emissions-heavy imports into the union and non-renewable energy, such as oil, gas and coal.

The package of measures looks to fundamentally transform the world's single largest trading bloc. It touches on almost every area of economic activity -- from how citizens heat their homes and commute, to a total upheaval of manufacturing practices.

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