Daily Business Briefing

July 14, 2021, 10:15 a.m. ET

July 14, 2021, 10:15 a.m. ET

Credit…Annegret Hilse/Reuters

FRANKFURT — Cars with internal combustion engines will disappear from showrooms by 2035. Steel producers and cement makers will pay for every ton of carbon dioxide their factories emit. Cargo ships may not be able to dock in Rotterdam or Hamburg unless they run on clean fuels. Airliners will be required to tank up with synthetic fuel produced with green energy.

The European Union’s plan to cut its greenhouse gas emissions by more than half by the end of the decade will touch almost every industry, with profound consequences for the economy.

The plan unveiled Wednesday by the European Commission, branded “Fit for 55,” calls for its 27 members…

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