The European Parliament voted to increase the EU emissions reduction target by 2030 to at least 60% as part of the EU Climate Law.
By doing so, the Parliament adopted a position that is more ambitious than the Commission’s 55% reduction proposal.
This is good news for the EU’s climate ambition and international leadership in a decade which will be crucial in the fight against climate change.
It is also good news for businesses. Indeed, a higher EU climate ambition provides investors and businesses with a clear direction and more certainty to plan their investments and strategic choices, that have to be directed towards the goal of climate neutrality by 2050.
Monica Frassoni, president of the European Alliance to Save Energy commented:
“This is a major step in the right direction to achieve the EU carbon neutrality goal and a green economic recovery. MEPs showed to EU leaders the level of ambition that is needed. The path to meet this target is clear: focusing on energy efficiency and renewables is the best way to go for the Union and its Member States. This should be reflected in all upcoming investments and funds, starting from the MFF and national Recovery and Resilience Plans.”
EU leaders will start discussing the EU 2030 climate target next week at a European Council. An EU-wide agreement on the new target is expected at the December European Council.
Matteo Guidi, Communication Officer
The European Alliance to Save Energy (EU-ASE) was established in December 2010 by some of Europe’s leading multinational companies. The Alliance creates a platform from which companies can ensure that the voice of energy efficiency is heard from across the business and political community. EU-ASE members have operations across the 27 Member States of the European Union, employ over 340.000 people in Europe and have an aggregated annual turnover of €115 billion.