The 2030 Climate Target Plan – Public Consultation meeting

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The 2030 Climate Target Plan – Public Consultation meeting

June 3 @ 14:00 - 15:30

To put the EU firmly on a path towards climate neutrality by 2050, the Commission will propose an increased greenhouse gas emission reduction target for 2030 from at least 40% to at least 50% to 55% (compared to 1990), including through an amendment to the recently proposed Climate Law. The Communication will set out potential implications for the overall regulatory and enabling framework. It will describe the overall architecture of policy measures to be put in place to achieve that target.

In April, ERCST organised a webinar which focussed on the upcoming impact assessment, exploring what the Commission intends to assess, and what not, and what stakeholders deem important to be included in this exercise. It also took a deeper dive, focusing on the role of the EU ETS in contributing to the achievement of the revised 2030 target, both in terms of the emission reductions to be contributed, as well as the role it could play in financing the transition, through revenue recycling of the auctioning of EUAs.

In its draft report on the European Climate Law, the ENVI Committee of the European Parliament has brought to the table a number of new ideas, including running ahead of the Commission’s communication by proposing 2030 and 2040 targets, as well as an EU carbon budget and the objective of achieving neutrality not only at the EU level, but also on the sectoral / Member States level.
The 2030 climate plan Communication, expected in September 2020, will set out the proposed targets, as well as potential implications for the overall regulatory and enabling framework. It will describe the overall architecture of policy measures to be put in place to achieve that target.
As part of the series of ongoing discussions on the Green Deal, the Climate Law and the 2030 targets, ERCST organizes this online webinar, which will be an opportunity for participants to reflect on the process and implications of the review of the 2030 target, how it is articulated with the climate law discussion, and how the increase in ambition can be financed, taking into account the Recovery Package and the updated MFF proposal.

 

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