CleanTechnica•2 months ago
Ambitious Car CO2 Standards More Important Than Ever After Lawmakers Vote To Weaken 2040 Target
Key Takeaway
The EU's softened 2040 climate target and ETS2 delay create a nuanced regulatory environment, potentially easing immediate carbon cost pressures while shifting focus to sector-specific decarbonization efforts.
AI Summary
- •EU lawmakers have voted to weaken the 2040 emissions reduction target to 85% and delay the start of ETS2 by one year.
- •This policy adjustment signals a potentially slower overall decarbonization trajectory for the EU, impacting long-term carbon market price expectations.
- •While the weakened target might offer a temporary reprieve from escalating carbon costs for large power consumers, the article emphasizes increased importance of sector-specific regulations like car CO2 standards.
Topics
emissionspolicy
Article Content
EU lawmakers vote in favour of a watered-down 2040 emissions reduction target of 85% and a a one-year delay to ETS2. EU lawmakers have agreed on a weakened 2040 climate goal. An emissions reduction target of 85% by 2040 shows that Europe is still committed to tackling climate change and ... [continued] The post Ambitious Car CO2 Standards More Important Than Ever After Lawmakers Vote To Weaken 2040 Target appeared first on CleanTechnica .