SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Eric7/2/2025 11:53:16 AM
  Read Replies (1) of 1569336
 
EU proposes binding 90% greenhouse gas cut target for 2040

The European Commission has proposed amending the European Climate Law to enshrine a new target: a 90% cut in net greenhouse gas emissions by 2040, compared to 1990 levels.

July 2, 2025 Brian Publicover


European Commission President Ursula von der Leyen

Image: Bogdan Hoyaux, European Commission

Share


The European Commission has proposed an amendment to the EU Climate Law, setting a legally binding 2040 target. It said it aims to reduce net GHG emissions by 90% from 1990 levels, reinforcing its existing commitment to cut emissions by at least 55% by 2030.

The proposal, supported by a recent impact assessment and feedback from the Intergovernmental Panel on Climate Change and the European Scientific Advisory Board on Climate Change, introduces new flexibilities, according to the commission.

The measures include international credits and domestic removals under the EU Emissions Trading System, with the goal of ensuring cost-effective, sector-efficient progress toward climate neutrality by 2050, said the commission.

“As European citizens increasingly feel the impact of climate change, they expect Europe to act. Industry and investors look to us to set a predictable direction of travel,” said European Commission President Ursula von der Leyen in an online statement. “We stand firmly by our commitment to decarbonize [the] European economy by 2050. The goal is clear, the journey is pragmatic and realistic.”

European Commission Executive Vice-President Teresa Ribera claimed that the 90% emissions reduction target offers a clear long-term direction for climate policy and underscores ongoing public support for climate action across the bloc.

Wopke Hoekstra, commissioner for climate, also described the 2040 target as a reaffirmation of the European Union’s clean transition strategy. He said the proposal provides clarity for national and industrial investment planning and will support the continent's long-term competitiveness on its path to climate neutrality by 2050.

The European Commission unveiled its Clean Industrial Deal in February 2025, aiming to boost industrial competitiveness while cutting greenhouse gas emissions across key sectors. The plan focuses on accelerating innovation, supporting green investments, and ensuring a fair transition for workers and regions.

In June, the commission also adopted a new state aid framework to support clean technology industries, facilitating public funding for decarbonization and innovation projects. The framework aims to reduce barriers for investments in cleantech while maintaining fair competition within the EU market.

The European Union’s cumulative installed solar capacity hit roughly 334 GW at the end of 2024, according to data from SolarPower Europe and other industry sources

pv-magazine.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext