The recommendation points to a much steeper path to net-zero emissions than earlier projections. Read more at straitstimes.com.
BRUSSELS – The European Union should reduce greenhouse gases by as much as 95 per cent by 2040 to achieve its objective of reaching climate neutrality 10 years later, according to the bloc’s advisers.
“The advisory board’s recommendations underscore the need for bold and transformative actions to achieve climate neutrality by 2050 in a way that is both fair and feasible,” said Professor Ottmar Edenhofer, who chairs the 15-member board of independent scientific experts. “To do this, the EU should reduce emissions by 90-95 per cent by 2040, relative to 1990 levels.”
and increasing competition from the US and China. This has put pressure on governments and companies, sparking calls from French President Emmanuel Macron and other leaders for a slower pace. While policymakers will have to make choices on what strategies to pursue, reaching the targets would imply almost complete decarbonisation of the EU’s power sector by 2040, including a phase-out of electricity generated from coal by 2030 and large-scale deployment of wind, solar and hydro energy, according to the report. Energy consumption would fall considerably, partly because of the electrification of transport.
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