EU Recommends Ambitious 2040 Climate Target, Focuses on Clean-Tech Industries |

Feb 6, 2024

Strasbourg: The European Commission recommended on Tuesday that the EU cut net greenhouse gas emissions up to 90% 2040A target that will test the political appetite to continue the region's ambitious fight against climate change ahead of the EU elections.
While the overall target was within the range recommended by the EU's official climate science advisers, in response to weeks of protests by farmers angry over EU green rules, among other complaints, the EU Executive cut parts of the recommendation related to agriculture. weakened.
A previous draft of the EU target seen by Reuters said agriculture would need to cut non-CO2 emissions by 30% from 2015 levels by 2040 to comply with the overall climate target. He was removed from the final draft.
The Commission said the EU should set an economy-wide 2040 target for 90% net greenhouse gas reductions compared with 1990 levels, confirming a draft recommendation previously reported by Reuters.
Tuesday's proposal will trigger political debate over the target, but passing the final target will depend on the new EU Commission and Parliament formed after EU elections in June.
Drawn up amid political opposition over green laws from some EU governments and parliamentarians, the EU plan focuses on gaining ground in European clean-tech industries and maintaining public support for climate policy in EU elections.
The Commission's recommendation on the target states, “However, greater focus is needed on a framework that ensures that all citizens benefit from climate change.”
“Climate action must bring everyone together, with a special focus on supporting those facing the greatest challenges,” it said.
It aims to keep EU countries on track between the EU's existing 2030 climate target and the long-term goal of achieving net-zero emissions by 2050 and ending Europe's ongoing contribution to climate change.
Europe's climate agenda is entering a difficult political phase as it begins to touch on sensitive areas FarmingAnd as traditional industries face fierce green tech competition from China.
A second EU document also published on Tuesday outlines a plan to capture and store millions of tonnes of CO2 emissions by 2050 – one of several areas requiring huge investment in new technologies.
The 2040 target would transform Europe's energy mix, phasing out coal-fuelled electricity and reducing overall fossil fuel use by 80% and replacing it with renewables and nuclear energy.
The draft also outlines the costs of failing to tackle climate change in the form of more destructive extreme weather, which could mean additional costs of 2.4 trillion euros in the EU by 2050 if global warming is limited to 1.5 degrees Celsius above pre-industrial levels. Was not limited. level.
The EU aims to reduce its greenhouse gas emissions by 33% in 2022 below 1990 levels.

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