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EU Confirms 90 Percent Emissions Cut by 2040, with some Concessions
- On Wednesday, the European Commission proposed amending the EU Climate Law to set a legally binding 90% emissions reduction target for 2040 compared to 1990 levels, including a controversial flexibility measure for international credits.
- The EU Climate Law, enacted in July 2021, enshrines a 2050 net-zero goal and mandates a 2040 target within six months of the 2023 Global Stocktake, shaping long-term climate policy.
- EU Climate Commissioner Wopke Hoekstra called the 90% 2040 emissions goal a 'win for policy and competitiveness,' highlighting that 90% of companies are exempt from CBAM while 99% of emissions are covered.
- In Brussels, the EU proposal has been submitted to the European Parliament and Council, with discussions in mid-July and a vote scheduled for September 18 to finalize the 2040 target.
- Beyond EU borders, the 2040 target aims to reinforce global climate leadership, with 85% of Europeans supporting climate action and final approval expected before COP30 in Belém, Brazil.
29 Articles
29 Articles
Minister: Estonia cannot adopt unfeasible obligations with new climate targets
The European Union wants to reduce carbon emissions by 90 percent by 2040 compared to 1990 levels. Estonia agrees with the plan only if the necessary technology exists and interim assessments are realistic, Minister of Energy and the Environment Andres Sutt told ERR.
The EU Commission intends to stick to its plan to reduce greenhouse gas emissions by 90 percent by 2040. However, according to SPIEGEL information, there is resistance in the panel itself.
The Ministry of the Environment, Climate and Energy conditionally supports the proposed amendments to the European Climate Law, with which Brussels proposes a 90% reduction in greenhouse gas emissions by 2040 compared to 1990.
EU Opens Door to International Carbon Credits in Net Zero Plan
The European Commission has proposed an EU climate target for 2040 that will allow countries to use international carbon credits. The European Commission on July 2 proposed an amendment to the EU Climate Law, setting a 2040 climate target of a 90 percent reduction in net greenhouse gas (GHG) emissions from 1990 levels. The commission said the proposal would build on the existing binding goal of reducing these kinds of emissions by at least 55 pe…
The EU Commission is aiming for a new climate protection target: by 2040, at least 90 percent less CO2 will be emitted than in 1990.
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