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EMISSIONS: EU Warns UN That New Climate Plan May Miss February Deadline

EMISSIONS
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The EU has warned that the EC is unlikely to meet the February deadline for submitting its 2035 greenhouse gas reduction targets to the UN, highlighting the challenges in finalising the bloc's ambitious climate plan, Climate Commissioner Wopke Hoekstra said, cited by Argus.

  • Hoekstra emphasised the need for a 2035 target at the UN Cop 30 summit in Belem but doubts that the target will be ready by February.
  • The EU is required to submit its nationally determined contributions (NDCs) — emissions-cut targets — for 2035 by February.
  • However, the EC plans to release new policy documents in February covering clean industry, affordable energy, the roadmap to ending Russian energy imports, and agriculture.
  • The Climate Commissioner also indicated a renewed focus on the carbon border adjustment mechanism to prevent carbon leakage from the EU’s ETS.
  • Hoekstra stated that the commission may include decarbonisation contracts in the upcoming clean industrial deal, now set for February 26.
  • The deal is expected to address the simplification of emissions regulations and further support clean industry policies.
  • The 2040 GHG cuts proposal is expected to be presented to parliament within this calendar year.
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The EU has warned that the EC is unlikely to meet the February deadline for submitting its 2035 greenhouse gas reduction targets to the UN, highlighting the challenges in finalising the bloc's ambitious climate plan, Climate Commissioner Wopke Hoekstra said, cited by Argus.

  • Hoekstra emphasised the need for a 2035 target at the UN Cop 30 summit in Belem but doubts that the target will be ready by February.
  • The EU is required to submit its nationally determined contributions (NDCs) — emissions-cut targets — for 2035 by February.
  • However, the EC plans to release new policy documents in February covering clean industry, affordable energy, the roadmap to ending Russian energy imports, and agriculture.
  • The Climate Commissioner also indicated a renewed focus on the carbon border adjustment mechanism to prevent carbon leakage from the EU’s ETS.
  • Hoekstra stated that the commission may include decarbonisation contracts in the upcoming clean industrial deal, now set for February 26.
  • The deal is expected to address the simplification of emissions regulations and further support clean industry policies.
  • The 2040 GHG cuts proposal is expected to be presented to parliament within this calendar year.