European Commission vice president Frans Timmermans
EU outlines rules to meet new 2030 GHG target
European Commission outlines a package of measures designed to reduce its greenhouse gas emissions by 55pc below 1990 levels by 2030
The European Commission has proposed a wide package of measures designed to reduce greenhouse gas (GHG) emissions by 55pc below 1990 levels by 2030. This 55 pc target was the bloc’s updated nationally determined contribution (NDC) to the Paris Agreement deal and represents the most ambitious 2030 emissions reduction plan proposed under that deal. The EU previously had submitted—and legislated for—a reduction of 40pc below 1990 levels by 2030. “We have a package that can take us to a goal which will set us on a path for climate neutrality by 2050” Timmermans, EC The new 55pc reduction by 2030 target will put the bloc on a pathway towards its stated goal of reaching net-zero emissions
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
