EU is on track to meet its 2030 climate targets, Commission says

The European Commission's latest assessment reveals that EU Member States are on track to cut net greenhouse gas emissions by approximately 54% by 2030, just shy of the 55% target set by the European Climate Law. Contributing to this achievement are the updated National Energy and Climate Plans (NECPs), which outline strategies tailored to each member state's capacity and potential. Key to this progress are strategic initiatives such as the Clean Industrial Deal and the Affordable Energy Action Plan, designed to drive investments in industrial decarbonisation and clean technology.

These initiatives are projected to leverage Europe's renewable potential and enhance energy efficiency, promoting a stable energy market. However, the journey is marked by uneven progress, as Belgium, Estonia, and Poland lag in submitting their final NECPs, underscoring the need for a unified and consistent approach among all member states.

"Our task now is to deepen our capacities and boost action with no delays. We can deliver 55%, and we need to build the conditions to reach 90% by 2040. Competitiveness, security, wealth creation, and inclusiveness depend on our capacities to move forward a consistent and comprehensive political action plan," stated Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition.  

Renewables and emissions milestones

Renewable energy is poised to become the dominant source of electricity in the EU. The EU aims for a minimum 42.5% share of renewable energy by 2030, driven by NECPs and boosted by strategic EU-wide initiatives. This transformation is an economic catalyst. By integrating homegrown renewable resources, the EU is reducing dependency on imports and improving its energy security. Moreover, energy efficiency measures are expected to cut down overall energy wastage, optimising resource use. According to Dan Jørgensen, Commissioner for Energy and Housing, this transition not only brings clean energy but is also instrumental in creating quality jobs and fostering economic growth, underscoring the holistic benefits of the energy transition.

The EU's emissions have dropped by 37% since 1990, while the economy has expanded by nearly 70%. Initiatives focus on enhancing competitiveness through innovation and opening new markets for EU businesses active in clean technologies. Wopke Hoekstra, Commissioner for Climate, Net Zero and Clean Growth, emphasised that decisive investment in clean technologies and sustainable practices is crucial for maintaining industrial competitiveness and enhancing Europe's economic resilience.

Europe's emissions drop, but more ambition is needed

According to a report by the European Environment Agency, emissions decreased by 39% in 2023 compared to 1990. In this episode of Behind the Figures, we examine this data.

Read More

Challenges and future outlook

Despite significant progress, the EU faces challenges that could hinder its green transition. Political dynamics, such as the rising backlash against stringent environmental policies, could impede implementation at the national level. The success of the EU's climate goals ultimately relies on member states adhering to their commitments, amid diverse political, economic, and social pressures. The EU's approach emphasises that each sector in every member state must actively contribute to the collective effort for a sustainable future. Investments in technological innovation and industry adaptation are paramount to ensuring the transition is inclusive and resilient, accommodating economic disparities across the region.