Brussels eyes a net 90% emission reduction target for 2040. For the EU ETS this implies a more ambitious cap reduction than what would follow from simply extrapolating the current supply trajectory of emissions allowances (EUAs). Once lawmakers have decided, the 2040 target will be set into the Climate Law. The upcoming European Parliament elections in June is likely to delay the legislative process, which might easily drag into 2025.
A bridge between the 2030 and the 2050 climate ambition On 6 February the European Commission presented its climate target for 2040, to put the continent on an appropriate pathway to net zero emissions in 2050. In an address to the European Parliament, th…
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