MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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EMISSIONS: EC to Propose New 2040 Climate Target in 1Q 2025

EMISSIONS
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The EC plans to propose a 90% emissions reduction targets vs 1990 levels by 2040 this quarter according to work programme published on Wednesday. 

  • The EU currently plans to reduce emissions by 55% by 2030 and aims for carbon neutrality by 2050.
  • The 2040 climate target will also be used to set a 2035 goal as part of a national contribution to the Paris Climate Agreement.
  • WWF warns that the EC’s proposed 90% emissions reduction by 2040 lacks the ambition needed to fairly align with the 1.5C goal, with weaker interim targets for 2030 and insufficient action in key sectors—energy, industry, transport, agriculture, and land use. 
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The EC plans to propose a 90% emissions reduction targets vs 1990 levels by 2040 this quarter according to work programme published on Wednesday. 

  • The EU currently plans to reduce emissions by 55% by 2030 and aims for carbon neutrality by 2050.
  • The 2040 climate target will also be used to set a 2035 goal as part of a national contribution to the Paris Climate Agreement.
  • WWF warns that the EC’s proposed 90% emissions reduction by 2040 lacks the ambition needed to fairly align with the 1.5C goal, with weaker interim targets for 2030 and insufficient action in key sectors—energy, industry, transport, agriculture, and land use.