The next step in Europe’s climate action: setting targets for 2030

Reviving the EU emissions trading system and bringing EU greenhouse gas emissions on a 2°C track

Publication - June 11, 2013
Policy report commissioned by Greenpeace EU

As 2020 edges closer and governments and investors demand certainty beyond, we are witnessing the first moves towards a new EU climate and energy package with 2030 objectives. But how much must EU greenhouse gas emissions be reduced in order to be effective, adequate and fair? And how can robust 2030 policies help to restore the credibility and effectiveness of the EU emissions trading system (ETS)?

This analysis, commissioned by Greenpeace and conducted by Ecofys, illustrates how through the application of widely accepted effort sharing approaches, the EU’s ‘fair share’ in 2030 global emissions reductions could be around 49% compared to 1990 levels (the 49% figure representing the median of a full range from 39 to 79%). Moreover it reveals that in order to restore the effectiveness of the ETS, and accommodate its current surplus of allowances, an additional reduction of 7 percentage points will be required.