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With the European Commission proposal for EU long term strategy – A Clean Planet for all A European strategic long-term vision for a prosperous, modern, competitive and climate neutral economy (28.11.2018) – and the European Green Deal (11.12.2019), the European Commission set out a clear vision of how to achieve climate neutrality by 2050. This vision was the basis for the long-term strategy that the EU submitted to the United Nations Framework Convention on Climate Change in early 2020.

The European Green Deal is a new growth strategy that aims to transform the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource use.

To set out clearly the conditions for an effective and fair transition, to provide predictability for investors, and to ensure that the transition is irreversible, the European Commission proposed the first European ‘Climate Law’ in 2020. This will enshrine the 2050 climate neutrality objective in legislation. The Climate Law will also ensure that all EU policies contribute to the climate neutrality objective and that all sectors play their part.

The European Commission will also present a plan to increase the EU’s greenhouse gas emission reductions target for 2030 to at least 50% and towards 55% compared with 1990 levels in a responsible way. To deliver these additional greenhouse gas emissions reductions, the European Commission will, by June 2021, review and propose to revise where necessary, all relevant climate-related policy instruments.

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