Bericht

Benefits and pitfalls of an EU emissions budget approach

Following the conclusion of the 'Fit for 55' package, European Union (EU) climate policy will enter its next phase. One of the most important decisions will be how to set the economy-wide emissions reduction target for 2040, which will form the starting point for the next round of revisions of all EU climate policy legislation. The European Climate Law stipulates that the European Commission shall propose a 2040 target that is based, among other things, on a "projected indicative Union greenhouse gas budget for the 2030-2050 period", informed by a report of the newly established European Scientific Advisory Board on Climate Change. While cumulating emissions resulting from different future trajectories can help to assess ambition levels, strictly deriving a 'science-based' EU emissions budget from the global carbon budget has several pitfalls. The debate on the design of EU climate policy after 2030 should not put too much focus on the 'appropriate' target for 2040 but on how to further develop the governance architecture, strengthen policy instruments, and bolster public support.

Language
Englisch

Bibliographic citation
Series: SWP Comment ; No. 34/2023

Classification
Politik
Subject
EU emissions budget approach
EU climate policy
"Fit for 55" package
European Scientific Advisory Board on Climate Change
Paris Agreement
United Nations Framework Convention on Climate Change (UNFCCC)

Event
Geistige Schöpfung
(who)
Geden, Oliver
Knopf, Brigitte
Schenuit, Felix
Event
Veröffentlichung
(who)
Stiftung Wissenschaft und Politik (SWP)
(where)
Berlin
(when)
2023

DOI
doi:10.18449/2023C34
Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Bericht

Associated

  • Geden, Oliver
  • Knopf, Brigitte
  • Schenuit, Felix
  • Stiftung Wissenschaft und Politik (SWP)

Time of origin

  • 2023

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