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The Long-Term Climate Strategy of the European Union – a Reality Check
Karen Pittel
ifo Institute, Munich, 2019
EconPol Opinion 23
ifo Institute, Munich, 2019
EconPol Opinion 23
According to current plans, the EU strives to achieve a reduction of greenhouse gas (GHG) emissions by 80-95% by 2050. If we are to take the Paris Agreement seriously, however, by 2050 we need to reduce net emissions to zero in order to prevent the average global temperature rising by more than 1.5° Celsius. The later the emissions begin to decline, the faster the reductions will have to ultimately be, with greater negative emissions required to achieve the targets.