- EU Commission proposes 90 per cent greenhouse emissions by 2040.
- This plan bridges the gaps between the 55 per cent cut by 2030 and net zero by 2050.
The European Commission plans to recommend a 90 per cent reduction in the European Union’s greenhouse emissions by 2040 from 1990 levels. This bridges the gap between the current goals of a 55 per cent reduction by 2030 and reaching net-zero emissions by 2050. The proposal, set for presentation on February 6, aims to test political commitment amid opposition from some governments and industries. Climate change impacts, like heatwaves and floods, underscore the urgency of Europe’s green agenda.
The EU seeks to highlight the rising costs of climate change and the potential benefits of a 90 per cent emissions cut by 2040, notably reducing reliance on imported fossil fuels. The strategy outlines sector-specific options, focusing on supporting European industries’ competitiveness. Public and private funding will be key for low-carbon projects, positioning Europe globally.
While the Commission will recommend the 2040 target in February, the final proposal rests with the new EU Commission post-elections, requiring unanimity among the 27 EU leaders. The suggested 90 per cent emissions cut aligns with recommendations from climate science advisers. The discussions include putting a price on emissions from farming after 2030. Denmark, Poland, and Bulgaria express openness, while Hungary urges a “realistic” approach to the 2040 goal.