Amid fierce criticism from environmental activists, the European Commission unveiled plans Wednesday for its first ever climate law...

Under its Green Deal agenda, the EU's executive arm wants to legislate to make its ambition of cutting greenhouse gas emissions to zero by mid-century irreversible, and legally-binding for all member states...

However, there is no plan to increase the bloc's overall emissions goal for 2030.

This particular point has been criticized by climate activists, who claim that delaying the upgraded 2030 target is detrimental to the bloc's credibility in the fight against climate change...

Environmental group Greenpeace voiced concerns that EU governments will “find it extremely difficult to agree a new target" before the next round of U.N climate talks in Glasgow, Scotland, in November.

A dozen of member states have also expressed their concern and have asked the commission to come up with a 2030 target “as soon as possible and by June 2020 at the latest..."

To finance the climate transition, the EU plans to dedicate a quarter of its budget to tackling climate change... The financial plan includes a mechanism designed to help the regions that would be most disrupted economically by the transition to cleaner industries.