EnergyWatch

EU strife on climate goal is far from over

The EU Parliament and member states have not yet completely succeeded in converging their respective climate goals for 2030. This comes as a disappointment for many players that now put their confidence in market developments overtaking policy.

Jytte Guteland, Swedish social democratic MEP and EU Parliament chief negotiator. | Photo: Kenzo Tribouillard/AFP/Ritzau Scanpix

BRUSSELS

When the US president opens the virtual summit meeting later today, Thursday, the EU will have a new trophy to display at the five-year anniversary of the Paris Climate Accord's signing: the final climate legislation whereby the EU commits to net climate neutrality from 2050 and a CO2 emissions reduction of "at least 55 percent" relative to the 1990 average.

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