After months of consultations, the leaders of the 27 EU member states reached a consensus on the 11th on the latest emission reduction plan, agreeing that the EU’s greenhouse gas emissions will be at least 55% lower by 2030 than in 1990.
Previously, the EU set an emission reduction target of 40%. However, the EU’s new emission reduction plan still needs to be approved by the European Parliament.
The European Commission plans to propose new climate and energy legislation next year to align it with the 55% emission reduction target.
The analysis believes that the latest emission reduction plan of the EU will have a greater impact on energy, transportation and heavy industry. In the field of energy, the European Commission has previously proposed that the EU’s coal consumption will decline by 70% by 2030 compared with 2015, and oil and gas will decline by 30% and 25% respectively.
At the same time, the share of renewable energy in the EU’s electricity structure will more than double the current 32%.
European Commission President von der Leyen said on the same day that the new emission reduction plan will enable the EU to better achieve the long-term goal of carbon neutrality by 2050.