Skip to main content

EU parliament approves the EU Climate Law

The European Parliament has endorsed the EU Climate Law, which enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels. A proposal from the European Commission to regulate GHG emissions and removals from land use, land use change and forestry (LULUCF) could raise the 2030 target to 57% with the contribution from new carbon sinks. Before it enters into force, the text must now be approved formally by the EU member states. The European Commission will also make a proposal for a 2040 target at the latest six months after the first global review in 2023 foreseen in the Paris Agreement.

In April 2021, the European Commission, the European Parliament, and the Council of EU nations reached a provisional agreement on the European Climate Law, strengthening climate ambitions by 2030. In addition, the text recognised the needs to enhance the EU's carbon sink through a more ambitious LULUCF (land use, land-use change and forestry) regulation and it created the European Scientific Advisory Board on Climate Change, that will provide independent scientific advice.

Global energy reports

Interested in Global Energy Research?

Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.

This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.

Request a free trial Contact us