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On 6 February the European Commission presented a communication suggesting a 90% emission reduction target for 2040, which it hopes lawmakers will endorse as soon as possible so that it can follow up with a legislative proposal to insert the target into the Climate Law before the 2025 climate summit in Brazil. Many member states have yet to reveal their take on the proposed target and the European Parliament’s position will not be clear until after the elections. Despite positive initial reactions, it is still too early to say if the proposed target and timeline will hold.
With a 2040 target, the Commission aims to find the most appropriate pathway to reach net-zero emissions in 2050. The impact assessment that accompanies the communication shows how the Commission has modelled three scenarios/trajectories and sees a 90% red…
A weekly cap of what moved EUA prices and a clear view of the week ahead. We set out the drivers, their directional impact, and what matters next.
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