The European Commission opened the public consultation on 31 March 2023 to set the Union’s GHG reduction target by 2040 as per the European Climate Law which calls on the lawmaker to present a proposal setting an interim EU target to achieve climate neutrality by 2050. This comes amid the EU agreeing on its 2030 renewable target of 42.5%.
This Communication will start a process to establish a 2040 climate target putting the EU firmly on a path towards climate neutrality by 2050, as mandated by the European Climate Law. Furthermore, it calls on the Commission to present a proposed 2040 clima…
Stay ahead in renewable energy and carbon markets.Â
Sign up to receive expert analysis, market insights, and key policy updates—straight to your inbox, for free.
Specialising in data, analysis, and insights for all significant low-carbon markets and renewable energy.