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EC hopes for 2030 CO2 cut target accord by 22 April

CO2Policy

23 Mar 2021 10:15

Foto: Shutterstock.com

Foto: Shutterstock.com

Brussels

23 Mar 2021 10:15

(Montel) The European Commission hopes that EU negotiators will agree a new 2030 CO2 cut target by 22 April as part of the 27-nation bloc’s climate law, executive vice president for the EU green deal, Frans Timmermans, said on Tuesday.

"The most important thing is we get the climate law agreed… hopefully within a month,” he told the Clean Energy Summit webinar.

EU negotiators from the EC, European Parliament and the EU Council, representing national governments, plan to meet again to discuss the draft law on Friday, an EU diplomatic source told Montel.

The 2030 target is the most controversial element of the law and has been left to the final stages of the negotiation.

The EC proposed and the council backed a minimum 55% CO2 cut from 1990 levels by 2030, while the parliament has called for a 60% cut. The current target is a minimum 40% cut.

Timmermans said the final 2030 target would “probably” be at least a 55% cut.

The draft climate law also includes a binding target for the EU to have net-zero emissions by 2050, and EU negotiators are still discussing the trajectory to achieve this.

The aim is to reach an informal accord on the climate law that can be signed off by the parliament and council in full before the EC proposes detailed legislation in June to help achieve the new stricter 2030 CO2 cut target.

“Fit for 55”
The EC is calling this its “Fit for 55” package, which will include changes to the EU ETS, renewables, energy efficiency and energy taxation legislation, as well as a proposal for a carbon border adjustment mechanism.

The negotiations to agree this detailed package will be “more complicated” as national governments will then start to understand the consequences of committing to net-zero emissions by 2050, said Timmermans.

It usually takes at least 18 months to two years for parliament and council to agree detailed EU legislation.

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