Daily Management Review

EU reports 24% fall in CO2 emissions since 1990


Carbon dioxide emissions across the EU are 24% lower than in 1990, showed a report released on Monday.

Christian Lederer
Christian Lederer
The document notes that the volume of CO2 emissions in 2019 decreased by 3.7% compared to 2018, while GDP grew by 1.5% over this period.

"The European Union is proving that it is possible to reduce emissions while ensuring economic growth. However, today's report confirms that we must intensify efforts in all sectors of the economy to achieve our common goal of zero greenhouse gas emissions by 2050" - said the executive vice-president of the European Commission Frans Timmermans, who oversees the European program "Green Deal".

The EU also expects "unprecedented emission reductions" in 2020 due to the coronavirus pandemic.

In October, the European Commission announced that it will work to get EU leaders to agree to its climate proposal by the end of the year: to cut carbon emissions by 55% by 2030 from 1990 levels.

“We also do this because it makes economic sense. If we achieve (cut) at least 55%, we will strengthen our pioneer advantage in clean technology. Our companies will be leaders in the markets of tomorrow. We will become less dependent on energy imports. from the rest of the world,” said EC Deputy Chairman Maroš Šefčovič.

He recalled that in the near future, companies will compete in international markets depending on who has the best green technology.

source: ec.europa.eu