Green House Gas Emissions

From Open Risk Manual

Definition

Green House Gas Emissions is the anthropogenic production of green house gas

EU Context

The EU has set targets for reducing its greenhouse gas (GHG) emissions progressively up to 2050, with specific milestones in 2020 and 2030.

  • The EU is currently on track to meet the targets for 2020.
  • The European Council agreed on climate and energy targets for 2030 in 2014. The renewables and energy efficiency targets were then revised upwards as part of the legislation adopted in 2018.

2020 Targets

  • GHG emission reduction: 20%;
  • Renewable energy share (RES): 20%;
  • Energy efficiency improvements: 20%.

2030 Targets

The key targets for 2030 are:

  • at least 40% cut in greenhouse gas emissions (based on 1990 levels);
  • at least 32% share for renewable energy;
  • at least 32.5% improvement in energy efficiency.

2050 Targets

In November 2018, the Commission presented its strategic long-term vision for a prosperous, modern, competitive and climate-neutral economy by 2050. Reaching net-zero GHG emissions by 2050 (climate neutrality) is considered an appropriate EU contribution to limiting the global temperature increase to well below 2 degrees Celsius and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius, in line with the Paris Agreement objectives. The EU aims to adopt and submit an ambitious strategy by early 2020 to the UNFCCC as requested under the Paris Agreement.

In 2013, the European Commission adopted an EU strategy on adaptation to climate change. It aimed to enhance the preparedness and capacity of all governance levels to respond to the impacts of climate change and make Europe more climate resilient.

In 2015, the EU signed onto a new global goal on adaptation as part of the Paris Agreement, and works towards a wider and more interconnected policy agenda defined by the 17 UN Sustainable Development Goals.