The European Commission unveiled a revised proposal for the EU’s climate law on Wednesday, setting its sights on a 2040 climate target. The proposed goal aims for a 90 percent reduction in net greenhouse gas emissions compared to 1990 levels. The Commission stated that this target intends to provide investors with greater certainty, bolster the competitive position of European industries and enhance the continent’s energy security. Recent Eurobarometer survey data indicates significant public support for EU climate action, lending the EU a strong mandate to continue its “clean transition” agenda. The EU asserts it is currently on track to achieve its 2030 target of a 55 percent emissions reduction. European Commission President Ursula von der Leyen emphasized the growing urgency felt by European citizens regarding climate change. She stated that industry and investors are seeking a predictable trajectory and the proposal demonstrates the EU’s commitment to decarbonizing the European economy by 2050. Von der Leyen described the target as clear and the path to achieving it as “pragmatic and realistic”. The Commission’s proposal will now be submitted to the European Parliament and the Council for discussion and adoption through the ordinary legislative procedure. Any future agreed-upon EU climate target will also serve as a benchmark for the EU’s subsequent policy framework beyond 2030.
Politics
