EU Post-2030 Climate and Energy Policy
The EU’s climate and energy policy framework is being revised for the post-2030 period. Technology Industries of Finland supports the EU’s 90% greenhouse gas emission reduction target for 2040, a milestone on the path towards climate neutrality in 2050. The EU’s climate and energy policy for the 2030s must lay the foundation for achieving this target. Clean and digital technologies can help the Union decarbonize while at the same time creating a vibrant and competitive economy and strengthening the resilience of our societies.
The primary objective of the EU’s climate policy is to reduce emissions and achieve climate neutrality by 2050. Accordingly, the architecture of the EU’s climate and energy policy must enable and promote a broad range of means for reducing emissions. Regulation must treat different clean technologies, energy sources and emission reduction methods on an equal footing.
The 2040 target requires at EU level a nearly emission-free electricity system and an increase in clean energy, a significant improvement in energy efficiency and the rate of electrification, substantial emission reductions in industry and transport, as well as the scaling-up of carbon capture. This entails the modernisation of existing industry, investment in new production, and the deployment of innovative clean technologies. Climate action must also be pursued broadly across the different sectors.
Achieving the target requires a stable and predictable operating environment for businesses, a sound economic foundation, and a cost-effective and technology-neutral climate and energy policy framework.
Emissions Trading System (the ETS) is the workhorse of the EU’s efforts to drive emission reductions. It is a fit-for-purpose, market-based, technology-neutral and cost-effective instrument that provides businesses with a predictable, long-term outlook for investment planning. The trajectory for the supply of allowances must create a clear pathway towards the 2040 and 2050 climate targets.
In addition to the ETS, the Renewable Energy Directive (RED) and the Energy Efficiency Directive (EED) are key instruments for emissions reductions and incentivizing the deployment of innovative technologies. Technology Industries of Finland supports indicative EU-wide targets for energy efficiency and renewable energy, while aiming for a more technology neutral implementation and focusing on actual energy efficiency improvements.
Lisätietoja
Säkkinen Teppo
Director, Sustainable Growth – Sustainable Growth Technology Industries of Finland