The European Parliament reached an agreement on the EU Climate Law, which:
- increases the EU’s 2030 emissions reductions target from 40 % to at least 55 % compared to 1990 levels;
- commits EU countries to become climate neutral by 2050;
- gives European citizens and businesses the legal certainty and predictability they need to plan for the transition to climate neutrality;
- recognises that already emitted greenhouse gas will need to be removed to compensate for greenhouse gas emitted from sectors where decarbonisation is most challenging.
To ensure sufficient reductions are made by 2030, the contribution of removals towards the 2030 climate target shall be limited to 225 Mt CO2 equivalents.
The Commission confirmed in a written statement that it will propose that the LULUCF Regulation be revised.
More details on the website of the European Parliament.