Brussels, 18 April 2023 (TDI): The EU has launched a public consultation namely, “Have your say,” on the, “EU’s intermediary climate target for 2040, setting a path to net-zero emissions by 2050”.

The twelve weeks public consultations will run until June 24, 2023. The tremendous economic cost of climate change remains the defining challenge of the coming decades.

The consultation is split into two sections: a general section and an expert section. The citizens and stakeholders can both give an opinion. There are 25 questions in the general section whereas position papers can also be submitted.

The results of the public consultation will be analyzed and summarised as part of a detailed impact assessment report. The Regulatory Scrutiny Board will check the quality of the report.

The European Climate Law has set up the European Scientific Advisory Board.The board will give an assessment. The 2040 target assessment will base on the communication which will result from the assessment. The College of Commissioners will have to agree upon the 2040 assessment targets.

EU Member States and the European Parliament will ultimately decide on the EU’s 2040 climate target.

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The European Commission launched European Green Deal in 2019, to put Europe firmly on the path toward climate-neutral and sustainable future.

The European Climate Law adopted in 2021 legally binds the member countries to reach net-zero emissions by 2050.

Previously the 2030 target was to cut emissions by at least 55%. The EU is putting a regulatory framework for reaching 2030 targets.

The Climate Law requires to propose a 2040 climate target in 2024 by European Union. In addition to this the European Union has to create a predictable environment to guide citizens’, investment, and political decisions.

That’s the reason the European Climate Law mandates the Commission to come forward with a climate target for 2040 following the first global stocktake under the Paris Agreement.

All Parties to the Agreement will initiate reflections on the next target in the context of the UN process this year, to communicate these ahead of the COP29 in 2025.