The European Union will not decide on its proposed 2040 climate emissions target next week, as originally planned. Member states have asked for more time to analyze the proposal. It’s part of the EU’s Climate Law, which aims for climate neutrality by 2050.
Initially, ministers were supposed to vote on this target during the Environment Council on September 18. However, officials noted that countries were “not yet ready,” pushing the discussion back to the EU heads of state summit in October.
In July, the European Commission suggested a goal of reducing emissions by 90% by 2040 based on 1990 levels. This would build on their existing aim for a 55% reduction by 2030. Yet, a second EU official emphasized that the current text doesn’t balance climate goals with economic competitiveness.
An EU diplomat mentioned that the October Council meeting aims for a “decisive” discussion, though they acknowledged that a unanimous vote might not happen. This 2040 target will shape national climate action plans under the Paris Agreement, which countries are set to present at COP30 in Brazil.
Some nations, like Slovakia and Hungary, oppose this ambitious target, worrying about its impact on their industries. They argue that it could threaten economic stability. On the other hand, France believes key decisions should be made by EU leaders, not ministers.
Slovakia’s Environment Minister, Tomas Taraba, critiqued the proposal, suggesting that it reflects a disconnect from the economic challenges faced by industries.
Another topic under debate is carbon credits—tradable certificates that allow companies to emit a certain amount of CO2. EU diplomats are discussing rules to ensure these credits don’t disrupt the EU Emissions Trading System. The idea of storing CO2 outside the EU is also being examined.
Sven Harmeling from Climate Action Network (CAN) Europe expressed concerns, noting that excessive reliance on international carbon credits could undermine the EU’s climate ambitions. He remarked that diverting funds outside Europe would undermine investments in domestic decarbonization efforts.
A recent survey showed that many Europeans feel strongly about climate action, with 70% supporting aggressive emissions reduction targets. The public’s sentiment reflects a growing urgency for impactful measures to combat climate change.
In this context, upcoming discussions will likely focus on finding a balance between ambitious climate goals and economic realities. The EU’s approach to climate policy will have long-lasting effects, shaping its future and influencing global efforts to tackle climate change.
Source link


















