Ariel Javellana
According to the communication issued by the European Commission, establishing this target "will instill confidence in investors, foster innovation, bolster the industrial dominance of EU firms, and improve Europe's energy security."
The European Commission believes that the EU is "on course to meet the goal of cutting net greenhouse gas emissions by 55% by 2030 (Fit for 55)."
According to the document, "today's proposal enhances the EU's current legally binding goal of cutting net greenhouse gas emissions by at least 55% by 2030 and suggests a more practical and adaptable approach to reach this goal, aiming to decarbonise the European economy by 2050."
It indicates that "the proposal outlines a different approach to reaching the 2040 target compared to previous methods." Specifically, the European Commission plans to consider "flexibilities when crafting future legislative tools." Furthermore, the proposal establishes "a distinct framework for climate and energy laws after 2030" and assures to "consider national conditions."
The European Commission anticipates that guiding principles will include cost-effectiveness, simplicity, and efficiency, while also ensuring technological neutrality and a transition that is fair and equitable for everyone.
Brussels highlights that by setting the suggested 90% target, the EU is signaling to the international community its commitment to addressing climate change, fulfilling the Paris Agreement, and collaborating with partner nations to decrease global emissions.
source: reuters.com
The European Commission believes that the EU is "on course to meet the goal of cutting net greenhouse gas emissions by 55% by 2030 (Fit for 55)."
According to the document, "today's proposal enhances the EU's current legally binding goal of cutting net greenhouse gas emissions by at least 55% by 2030 and suggests a more practical and adaptable approach to reach this goal, aiming to decarbonise the European economy by 2050."
It indicates that "the proposal outlines a different approach to reaching the 2040 target compared to previous methods." Specifically, the European Commission plans to consider "flexibilities when crafting future legislative tools." Furthermore, the proposal establishes "a distinct framework for climate and energy laws after 2030" and assures to "consider national conditions."
The European Commission anticipates that guiding principles will include cost-effectiveness, simplicity, and efficiency, while also ensuring technological neutrality and a transition that is fair and equitable for everyone.
Brussels highlights that by setting the suggested 90% target, the EU is signaling to the international community its commitment to addressing climate change, fulfilling the Paris Agreement, and collaborating with partner nations to decrease global emissions.
source: reuters.com