The EU Green Deal and Climate Law

In December 2019, EU leaders agreed that Europe should achieve climate-neutrality by 2050. At the same time, the European Commission launched the EU Green Deal, a comprehensive policy package to put the EU on a path to reach this goal. 

One of the first legislative proposals following the Green Deal, the EU Climate Law enshrines the goal of reaching climate neutrality by 2050 into legislation. Part of this legislative proposal is also the increase of the 2030 greenhouse gas emission reduction target and the Commission aims to come up with a proposal to this effect by September 2020.

The Green Deal’s success will be determined by how it translates into short-term climate action. For the EU to do its share to reach the Paris climate targets, it should aim to be carbon-neutral by 2040. This means that the 2030 climate target must be raised to 65%.

Reaching net-zero emissions by 2040 implies significant changes to existing policies, governance structures, land use and infrastructure, production methods, finance needs, and lifestyles. 

Carbon Market Watch calls for an increased 2030 climate target as soon as possible followed by a revision of the EU key climate policies such as the EU Emissions Trading System (EU ETS) and the Climate Action Regulation (CAR).