The government of Chile has presented its updated Nationally Determined Contribution (NDC), presenting its climate commitments to 2030 with a view to achieving carbon neutrality by 2050. The updated NDC replaces the previous emission intensity indicator (conditional and unconditional) with unconditional absolute indicators, with a goal of 95 MtCO2eq by 2030 (compared to a target of 123 MtCO2eq by 2030 in the previous NDC), an emissions maximum in 2025, and a greenhouse gas (GHG) emissions budget of no more than 1,100 MtCO2eq over the period 2020-2030. This would be an intermediate target in Chile's strategy to reach carbon neutrality by 2050. The Draft Framework Law on Climate Change is currently under discussion in the National Congress of Chile.
In June 2019, the government had presented a coal exit plan that aimed to close all coal-fired power plants by 2040 and to make the power generation sector carbon-neutral by 2050. This was in line with Chile's plans to cover 70% of the power mix with renewables in 2030 and to reduce its greenhouse gas emissions (GHG) by 30% by this date. In March 2020, Chile's new Energy Efficiency Law aimed to cut energy consumption by 5.5% by 2030 and by 7% by 2035.
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