European Union leaders reached a deal, agreeing on the 2030 climate target, setting the goal to reduce greenhouse gas emissions by at least 55% by 2030.
According to reports, the outlines of an agreement on the EU’s 2030 climate target became clearer yesterday after Poland and Hungary got reassurances over a proposal linking the disbursement of EU funds with respect for the rule of law.
That new target will replace the existing goal to cut emissions 40% by 2030, from 1990 levels. Five years after the Paris agreement, the EU wants to be a leader in the fight against global warming.
In light of the deal, Executive Vice-President for the European Green Deal, in a Twitter post stated that
Very pleased with the European Council’s endorsement of our -55% emissions reduction target for 2030. Europe is on its way to #ClimateNeutralEU and ready to lead a global race to zero.
To remind, the EU is making great efforts towards a greener and more sustainable shipping industry. Last year, the EU launched the EU Green Deal and the EU Green Deal Investment Plan, a move that was highly welcomed by the industry, aiming to attract public investment and unlock private funds through EU financial instruments, most importantly InvestEU, which can lead to at least €1 trillion of investments.
