Ecology

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Getting back on track with new EU climate and energy targets for 2035 and 2040

Factsheet
It is very clear that if the EU wants to make a fair contribution to the effort to limit temperature rise to 1.5°C, it will need to follow the recommendation of UN Secretary General Antonio Guterres and aim for achieving net-zero GHG emissions by 2040 rather than by 2050. This means the new EU 2040 target should become a net-zero target. It makes sense for the EU to set a very ambitious 2035 target of around 95% net GHG emission reductions at the same time.
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A roadmap towards greening the European Central Bank

Study
This study shows that climate change requires central bank intervention and that – in anticipation of climate risks – the ECB can and should double down on its pledges to green central bank activities. Against this background, the report identifies numerous concrete policy options, from enhancing green tilting approaches in asset purchasing programmes to offering favourable refinancing terms to banks engaged in green lending.