Reducing carbon emissions: EU targets and measures
To prevent dangerous climate change, the EU has committed to cut its greenhouse gas emissions by at least 40% below 1990 levels by 2030 under the Paris Agreement .
MEPs called for the EU to raise the 2030 emission reduction target and reiterated the Parliament’s position to allocate at least 35% of the EU’s expenditure on research to support climate objectives.
To reach its climate goal, the European Union has come up with ambitious legislation.
An Emissions Trading System for industry
The EU’s Emissions Trading System (ETS) aims to reduce the industry’s carbon emissions by obliging companies to hold a permit for each tonne of CO2 they emit. Companies have to buy them through auctions. There are some incentives to boost innovation in the sector.
The European Emissions Trading System is the world’s first major carbon market and remains the largest one. It regulates about 45% of total EU greenhouse gas emissions and covers approximately 11,000 power stations and manufacturing plants in the EU. The goal is to reduce emissions by 43% compared to 2005.
Find out more about how the EU’s Emissions Trading System works and how it is currently being reformed.
Tackling carbon emissions from other sectors
Sectors not covered by the Emissions Trading System – such as transport, agriculture, buildings and waste management – still account for nearly 60% of the EU’s overall emissions. Emissions from these sectors will be cut by 30% by 2030 compared to 2005.
This will be done through agreed national emission targets which are calculated based on countries’ gross domestic product per capita. Lower-income EU countries will be provided with support.
Find out member states’ targets and how less wealthier EU countries will be supported.
Managing forests for climate change
EU forests absorb the equivalent of 10.9% of total EU greenhouse gas emissions each year. The EU wants to use this power to fight climate change.
New legislation aims to prevent emissions caused by deforestation and oblige each EU country to compensate changes in land use, which lead to emissions of CO2, by better managing or increasing their forests.
Reducing car emissions
Cars and vans produce 15% of EU’s CO2 emissions. The EU is working on legislation to toughen car emissions standards. The Parliament is also calling for measures to facilitate the shift to electric and hybrid vehicles.