CLIMATE NEUTRALITY AGREEMENT CONFIRMED UNTIL 2050

With 442 votes in favor, 203 against and 51 abstentions, the European Parliament supported the European Climate Law, unofficially agreed with member states in April, making the European Green Plan’s commitment to EU neutrality by 2050 a commitment.

European citizens and companies are provided with the legal security and predictability they need to plan that transition, and after 2050, the EU will strive to switch to negative emissions, the European Parliament said in a statement.

The new EU climate regulation increases the EU’s goal of reducing greenhouse gas (GHG) emissions by 2030. from 40% to at least 55% compared to the 1990 level.

The Commission will propose a target for 2040 no later than six months after the first global review in 2023 envisaged by the Paris Agreement. In line with Parliament’s proposal, the Commission will publish the largest estimated amount of greenhouse gases the EU can produce by 2050, without jeopardizing the EU’s obligations under the Agreement. This so-called “GHG budget” will be one of the criteria for defining the revised EU target for 2040.

By September 30, 2023, and every five years thereafter, the Commission will assess the joint progress of all EU member states, as well as the consistency of national measures, towards the EU’s goal of becoming climate neutral by 2050.

E2 portal (Ekovjesnik)


Source: E2 Portal by www.e2.rs.

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