European Parliament and Council reached last night on provisonnal agreement to increase the ambition of the EU’s Effort Sharing Regulation (ESR). This agreement establishes binding annual greenhouse gas emission targets for Member States in sectors not currently included in the EU Emissions Trading System (EU ETS).
The updated emission reduction targets for Member States range from -10% to -50% compared to 2005, and will result in a further convergence of Member States’ emissions per capita in 2030. The sectors covered by the ESR include building, agriculture, waste, small industry, and transport. Examples of potential measures that Member States can take to reduce emissions and achieve their targets include: promoting public transport; retrofitting buildings; more efficient heating and cooling systems; and more climate-friendly agricultural practices.
This agreement is the latest step in the adoption of the Commission’s ‘Fit for 55′ legislative package to deliver the European Green Deal, following the recent deal to end the sale of new CO2 emitting cars in Europe by 2035. With COP27 in full swing, it again shows that the EU is delivering on its climate commitments, moving from ambition to action.