The European Commission has proposed on 2 July an amendment to the EU Climate Legislation, setting an EU climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions compared to 1990 levels, as called for in the Commission’s policy guidelines for 2024-2029. It will provide certainty for investors, innovation, strengthen the […]
EU Climate Law: MEPs confirm deal on climate neutrality by 2050
EU carbon sinks will de facto raise 2030 emissions reduction target to 57%. Greenhouse gas budget must guide 2040-target. New independent EU scientific body to monitor progress. The new EU Climate Law increases the EU’s 2030 emissions reductions target from 40% to at least 55%. With the contribution from new carbon sinks it could raise […]