The European Commission today proposed an amendment to the EU Climate Law, setting a 2040 EU climate target of 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels, as requested by the Commission Political Guidelines for 2024-2029. It will give certainty to investors, innovation, strengthen industrial leadership of our businesses, and increase Europe's energy security.
Today's proposal is based on an in-depth impact assessment and advice from the Intergovernmental Panel on Climate Change and the European Scientific Advisory Board on Climate Change. The adoption follows substantial engagement with Member States, the European Parliament, stakeholders, civil society and citizens, launched with the Commission's recommendation on the target in February 2024.
Based on these consultations, the proposal sets out a way to reach the 2040 goal in a different way that has been done in the past. One central element is flexibilities that the Commission will consider in designing the future legislative instruments to achieve this 2040 climate target. These include a limited role for high-quality international credits starting from 2036, the use of domestic permanent removals in the EU Emissions Trading System (EU ETS), and greater flexibilities across sectors to help achieve targets in a cost-effective and socially fair way.
The Commission proposal emphasises the importance of accelerating and strengthening the right enabling conditions to support this 90% target. These include a competitive European industry, a fair transition that leaves no one behind, and a level playing field with our international partners.
In addition, the proposal sets a clear frame for our post-2030 climate and energy legislation. National specificities will be taken into account. Cost-effectiveness, simplicity and efficiency will be guiding principles, together with ensuring technological neutrality and a transition that is fair and just for everybody.