The European Commission has released an impact assessment on pathways to reach the goal of making the European Union climate neutral by 2050. Based on this assessment, the European Commission recommends a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels. A legislative proposal will be made by the next Commission, following the upcoming European elections, in agreement with the European Parliament and EU Member States.
The Commission highlighted a number of enabling policy conditions which are necessary to achieve the 90% target, the starting point being the full implementation of the existing legislation to reduce emissions by at least 55% by 2030. The Commission proposes that the Green Deal needs to become an industrial decarbonisation deal that builds on existing industrial strengths, like wind power, hydropower, and electrolysers, and continues to increase domestic manufacturing capacity in growth sectors like batteries, electric vehicles, heat pumps, solar PV, CCU/CCS, biogas and biomethane, and the circular economy.
The Commission also stated that fairness, solidarity and social policies need to remain at the core of the transition, and stressed out the importance of maintaining an open dialogue with all stakeholders, seen as a crucial precondition to deliver the clean transition.
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