· 2 min read
illuminem summarises for you the essential news of the day. Read the full piece on Politico or enjoy below:
🗞️ Driving the news: The European Commission is set to propose a target of reducing greenhouse gas emissions by 90% by 2040
• However, there is significant internal debate, with many EU officials concerned that now may not be the right time to push for such an ambitious target
• The discussion coincides with a deadly heatwave sweeping across Europe, emphasizing the urgency of climate action
• Yet, some commissioners are hesitating, fearing political backlash and economic consequences for member states
🔭 The context: Amidst soaring temperatures, which have already claimed lives and worsened heat stress across Europe, the European Commission is under pressure to act decisively
• Despite the heatwave and the increasing frequency of extreme weather events linked to climate change, there are fears that pushing for ambitious climate targets might further divide the EU, with countries like France suggesting a delay in the proposal
• This internal conflict highlights the challenges the EU faces in balancing climate goals with political feasibility
🌍 Why it matters for the planet: The proposed emissions cuts are crucial for the EU to meet its long-term climate commitments
• However, the hesitancy within the Commission could delay meaningful action on climate change
• As extreme weather events become more frequent, the urgency to reduce emissions grows
• Yet, the debate reflects the tension between ambitious environmental policies and economic and political considerations within the EU, potentially slowing down global climate progress
⏭️ What's next: The Commission will meet on Wednesday to finalize its stance on the 2040 climate target
• The outcome of this meeting will shape the EU’s climate trajectory in the coming years
• If the proposal goes forward, it will be a significant step in EU climate policy, but any delays or concessions could dilute the effectiveness of the plan
💬 One quote: "Apparently, we expect a heated discussion on the choice of timing for this law." – EU Commission Official, on the internal debate regarding the 2040 target
📈 One stat: The EU aims to reduce its greenhouse gas emissions by 90% by 2040, a target that remains under intense discussion within the Commission
See on illuminem's Data Hub™ the sustainability performance of over 8,000 companies.
Click for more news covering the latest on climate change
