The European Commission has published a legislative proposal on the emission reduction target for 2040. The Commission proposes a net emission reduction target of 90 per cent by 2040 compared to the 1990 levels.

This target is part of the EU’s long-term climate policy towards climate neutrality by 2050 and the preparations for the COP30 Climate Change Conference in Brazil in November.

For Finland it has been important that, according to the Commission’s proposal, the uncertainties in the land use sector will be taken into account in the implementation of the 2040 target. The proposal also takes into account the role of carbon capture and storage (BECCS) combined with bioenergy production and creates incentives for it.

“The Commission’s proposal is in line with Finland’s priorities in our efforts to influence the proposal. A long-term and consistent climate policy is important for the EU’s competitiveness and creates stability for companies to invest in clean solutions,” says Minister of Climate and the Environment Sari Multala.

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