The EU Council has officially adopted a significant new climate law. This law sets a target to cut net greenhouse gas emissions by 90% by 2040 compared to 1990 levels. Cyprus’ environment minister, Maria Panayiotou, highlighted that this target will help reassure industries, citizens, and investors as we transition to cleaner energy.
The EU aims for climate neutrality by 2050. Starting in 2036, countries can use international credits to help meet this target, but only for 5% of 1990 emissions. This ensures that the majority of emissions reductions happen within the EU. These credits must come from credible efforts to reduce greenhouse gases in alignment with the Paris Agreement.
Key parts of the law focus on making proposals that support competitiveness, social fairness, and energy security. Some of these essentials include:
- Permanent carbon removals that capture and store carbon dioxide from the atmosphere, helping manage residual emissions.
- Greater flexibility across sectors to meet emissions goals effectively.
Additionally, the timeline for the EU emissions trading system for road transport and buildings has shifted from 2027 to 2028, which will help enhance the system’s overall effectiveness.
This newly adopted law will come into force 20 days after its publication in the Official Journal of the European Union and will be applicable in all EU member states. To solidify this target, the Commission will put forward proposals for its implementation.
Recent public opinion polls indicate a strong desire for action on climate change. According to a 2023 survey, 80% of EU citizens believe that it is critical to address climate issues urgently. This sentiment reflects a growing acknowledgment of climate risks and a call for government accountability.
For further details, check the references: Amended European climate law and EU climate target agreement.
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