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illuminem summarizes for you the essential news of the day. Read the full piece on Politico or enjoy below:
🗞️ Driving the news: The European Commission is anticipated to recommend a 90% reduction in the EU's greenhouse gas emissions by 2040, aligning with the EU's goal of achieving climate neutrality by 2050
🔭 The context: The EU's current emission reduction efforts are deemed insufficient to meet the 2050 climate neutrality target
• The 90% reduction proposal for 2040 serves as an interim step, with the scientific advisory board suggesting a cut between 90 and 95 percent from 1990 levels
🌍 Why it matters for the planet: A 90% reduction in emissions by 2040 would significantly accelerate the EU's efforts to combat climate change, setting a precedent for global environmental policy and action
• This ambitious target reflects the urgency of addressing climate change and the need for substantial policy shifts
⏭️ What's next: The formal proposal of this legislative act will be the responsibility of the next European Commission, post-EU elections in June
• Hungary, holding the EU Council presidency in the fall, suggests that EU leaders unanimously decide on the target, indicating upcoming diplomatic negotiations
💬 One quote: “Only Denmark has so far explicitly supported a 90 percent target.” (Victor Jack, Politico correspondant)
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