As an intermediate target, the European Commission should recommend aiming for a net reduction of 90% in greenhouse gas emissions by 2040.
Aim for a net reduction of 90% in greenhouse gas emissions by 2040
The EU has already set itself the objective of reducing its greenhouse gas emissions by 55% by 2030 compared to 1990, to achieve carbon neutrality in 2050. As an intermediate target, the European Commission should recommend aiming for a net reduction of 90% in 2040, according to working documents, i.e. continuing the same rate of reduction as over the 2020-2030 period, offering a predictable horizon to investors.
But Brussels must overcome concerns about the socio-economic impact of forced greening: its “Green Deal” has become a scarecrow for public opinion. After successes in transport, energy and industry, this vast set of environmental legislation collapsed on agricultural issues in the face of bitter opposition from right-wing MEPs and farmers, while leaders demanded ” a regulatory break” to relieve businesses and households.
“We must walk on two legs: climate ambition on one side, on the other ensuring that our companies remain competitive, that the transition is fair,” Climate Commissioner Wopke Hoekstra underlined in mid-January.
Call for a “just and equitable” transition
Eleven states, including France, Germany and Spain, have certainly asked Brussels for “an ambitious climate objective”, in a joint letter consulted by AFP. But the signatories also called for a “just and equitable” transition, “economically feasible, with manageable costs, leaving no one behind, particularly the most vulnerable”, strengthening “energy security and industrial competitiveness”…
As the June election approaches, where a rise in the far right and nationalists is expected, the debate on environmental standards – at the heart of recent agricultural demonstrations – is proving politically explosive. The European executive was required to update its post-2030 projections within six months following COP28 in December: but, due to the pre-electoral context, Brussels will only reveal a simple “communication” on Tuesday.
The next Commission resulting from the June vote will be responsible for submitting a formal legislative proposal to the States and to the renewed European Parliament. The 2040 projections should be based in part on the capture and storage of large volumes of carbon – to the great dismay of NGOs criticizing these “unproven” technologies and calling for crude emissions reduction targets. However, the effort will remain considerable and should affect all sectors, from electricity to the steel industry, even agriculture (11% of European emissions).
Acceleration of efforts
Will there be a need for a second “Green Deal”? Carbon market, transport, carbon tax at borders… With the legislation already adopted, “the job has been done for the pre-2030 period, the acceleration is happening now, then it will be an extension” of the efforts, tempers Pascal Canfin, president (Renew, Liberals) of the Environment Committee in the European Parliament. “Obviously, if we do not continue, we will not achieve the final objective. If the political conditions are not met, it will not happen: one issue of the election is the continuation of the ‘Green Deal ‘. Releasing the 2040 objective now requires everyone to take a position,” he warns.
In its sights, the EPP (right), the first force in Parliament which has become resistant to the Green Deal, while the President of the Commission Ursula von der Leyen and Commissioner Hoekstra belong to the same camp. “With its implementation, we are increasingly seeing how ambitious the 2030 climate objective is. It is easy to set a number, more difficult to really ensure that the transition takes place in industry, among citizens”, replies EPP MEP Peter Liese.