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Press conference by Maroš Šefčovič, Executive Vice-President of the European Commission, Kadri Simson and Wopke Hoekstra, European Commissioners, on the Commission’s Communications on a recommended emissions reduction target for 2040 and on Industrial Carbon Management
On 6 February 2024, Maroš Šefčovič, Executive Vice-President of the European Commission in charge of the European Green Deal, Interinstitutional Relations and Foresight, Kadri Simson, European Commissioner for Energy, and Wopke Hoekstra, European Commissioner for Climate Action, on the Commission’s Communications on a recommended emissions reduction target for 2040 and on Industrial Carbon Management.
The Commission published a detailed impact assessment on possible pathways to reach the agreed goal of making the European Union climate neutral by 2050. Based on this impact assessment, the Commission recommended a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels, launching a discussion with all stakeholders; a legislative proposal was set to be made by the next Commission, after the European elections, and agreed with the European Parliament and Member States as required under the EU Climate Law. The communication also set out a number of enabling policy conditions which are necessary to achieve the 90% target.
