EU climate target for 2040

Key points:

The EESC:

• supports the recommended target of 90% by 2040, as it aligns with the science on Europe’s fair share of the 1.5 degree goal. The EESC emphasises that the target is demanding and can only be achieved if enabling policies are in place to ensure the competitiveness of European industries and a just transition and through utilising all zero and low carbon technologies cost-effectively;

• emphasises actual emissions reductions through phasing out fossil fuels. While carbon removals play an increasing role in achieving EU climate targets, over-reliance on sinks entails uncertainties and risks of lock-in to fossil dependency or loss of sinks due to forest fires, pests and other hazards;

• calls for the Commission to make a scientific and economic assessment on the balance between reductions and removals;

• underlines focusing on the implementation of the Fit for 55 legislation and supporting European businesses and households in adapting to the new regulatory environment;

• notes that the climate targets require an unprecedented level of investment into decarbonisation.

• calls for the Commission to track and set goals for the growth of exports of European cleantech products and services;

• calls for power generation in the EU to become carbon free by 2040, closely followed by heating and cooling. Availability of clean and affordable energy and a fit for future energy infrastructure is the foundation for decarbonisation of other sectors, such as industry, buildings and transport;

• proposes an indicative emissions reduction target to be established for the agri-food sector through close dialogue with farmers and other stakeholders, based on science, ensuring European food security and taking into account different natural conditions in the EU;

• underlines the importance of broad stakeholder dialogue, including with social partners and civil society, and citizen engagement in establishing the 2040 target and developing the accompanying policies;

• highlights the possibility of increased emissions reductions and lower material and energy demand through empowering consumers for sustainable lifestyle choices;

• calls for the Commission to expand the competitiveness check in relation to other major economies, including their climate, energy and industrial policies and economic indicators, to provide proposals on how to strengthen Europe’s global competitiveness and industrial base and safeguard our model of open market economy with high environmental and social standards.