By Helen Spence-Jackson and Thorfinn Stainforth
The European Commission has just proposed a new 2040 climate target of -90% greenhouse gas (GHG) emissions from 1990 levels. At the same time a recent official scientific report shows that there is still a lot of hard work and policy setting to do to reach it. While reaching the target will be a major challenge requiring speed, investment, coordination, innovation and careful planning, it should also be seen as an opportunity for business.
This broader trend is clear: the European Union’s economy is 66% larger than in 1990, but emissions are down by over 30%. Other regions such as China and India are also making progress to decouple GDP growth from emissions, demonstrating that emissions cuts do not come at the expense of economic opportunity and prosperity.
The Environmental Defense Fund is taking…