CO2 pollution bounces back, climate goals at risk: IEA published : 2 Mar 2021 at 13:45 ... and the European Union's Green New Deal all point in the right direction, he said. The EU Climate Law is the first substantial legislation to implement the vision of the European Green Deal. European Union leaders reached a deal last year to cut the bloc’s net greenhouse gas emissions by at least 55% by 2030 compared with 1990 levels, more than the previous goal of 40%. Elections in Europe Latest news, analysis and comment on elections in Europe … "The study is a warning to the EU to take back responsibility for addressing pollution on European flights," said Jo Dardenne, Transport & Environment's aviation manager. THE European Union (EU) must set a date to phase out the sale of new petrol and diesel cars so that the region meets its aim of becoming climate … Dubbed "People's Climate Case," the lawsuit raised by 10 families and joined by a Swedish youth organization argued that the EU's 2030 climate goals were inadequate. Does the EU have a particular role to play in backing such an effort or should it be done at a national level? Since 2012, the EIB provided EUR 150 billion of finance supporting EUR 550 billion of investment in projects that reduce emissions and help countries adapt to the impacts of climate change. That means updating the EU’s climate ambition for 2030, with a 50-55% cut in greenhouse gas emissions to replace the current 40% objective. It said that relying on the U.N scheme rather than the EU carbon market to curb international flight emissions would risk undercutting Europe's climate policies and goals. In January 2020, the Commission presented the Sustainable Europe Investment Plan, the strategy to finance the Green Deal by attracting at least €1 trillion worth of public and private investment over the next decade. ‘People’s climate case’ rejected by EU court. Germany Latest news, analysis and comment from POLITICO’s editors and guest writers on German politics. MEPs also criticised the Commission’s approach to negotiations over the EU’s climate law, which seeks to make the bloc’s climate neutrality goal a legally-binding objective. The European Parliament has long pushed for more ambitious EU climate targets and adopted its position on the new legislation on 7 October 2020. Thu, Mar 11, 2021 - 5:50 AM. On 24 February 2021, the European Commission adopted the Communication ‘Forging a climate-resilient Europe – the new EU Strategy on Adaptation to Climate Change’. France Latest news, analysis and comment from POLITICO’s editors and guest writers on French politics. While its climate actions are not yet compatible with the Paris Agreement, it stands out in comparison with other countries in terms of making climate action the driver of economic recovery. The Strategy outlines a long-term vision for the EU to become a climate-resilient society, fully adapted to the unavoidable impacts of climate change by 2050. The Court of Justice of the EU has ended an attempt to overturn the bloc’s climate goals on procedural grounds, presenting “a deaf ear” to the climate crisis, according to the claimants. It aims to enshrine the commitment to reach climate neutrality by 2050, to enhance the 2030 objective (reducing emissions by at least 55%) and to complement the EU’s climate governance tools. After the legal effort was initially launched, the European commission proposed a “European green deal” with more ambitious goals toward fighting climate change. The Climate Law is part of the European Green Deal, the EU’s roadmap towards climate neutrality. The European Commission will release the new and more ambitious EU Climate Adaptation Strategy on February 24 th, 2021.The Strategy complements the proposed European Climate Law and sets to foster adaptive capacity and socially-just transformations to climate-resilient society, fully adapted to … It said that relying on the U.N scheme rather than the EU carbon market to curb international flight emissions would risk undercutting Europe's climate policies and goals. The first steps under the Green Deal Financing the green transition. Brussels. Find out about EU’s progress towards its climate goals. Agriculture produces roughly 10% of EU greenhouse gas emissions and is on the front line of climate change impacts, with record heatwaves and … MEPs call for carbon price on certain EU imports from less climate-ambitious nations. Brussels Latest news, analysis and comment from POLITICO’s editors and guest writers in Europe. Virtual event accompanying the adoption of the new EU Climate Adaptation Strategy. Accelerating shift to EVs key to hitting EU's climate goals. In light of the upcoming revised EU forest and industrial strategies, POLITICO convenes a frank discussion with policymakers, industry and climate experts about the role of the bioeconomy in a climate neutral and competitive Europe. The EU's climate law will formalise its goal to have zero net greenhouse gas emissions by 2050, and a 2030 target to cut emissions faster than previously planned. The EU will aim to reach net-zero greenhouse gas emissions by 2050, a goal that will be enshrined in a ‘climate law’ to be presented in March 2020. The EU bank has been Europe’s climate bank for a long time. After the legal effort was initially launched, the European Commission proposed a “European Green Deal” with more ambitious goals toward fighting climate change. The EU’s major weakness remains the outdated and severely inadequate 2030 emissions reduction goal of “at least 40%”. Climate law.