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EU policies set for 54% emissions cut, one point shy of 2030 target

Commission analysis shows strong progress under updated national plans with gaps in carbon sinks and energy efficiency.

A view shows wind turbines in front of a cow at Paradela's City Council, in Galicia, Spain September 27, 2022. REUTERS/Nacho Doce/File Photo
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Overview

  • Existing CO2-cutting measures are projected to lower net greenhouse gas emissions by 54% by 2030 compared with 1990 levels, just below the legally binding 55% goal.
  • Emissions have fallen 37% since 1990 while the EU economy expanded nearly 70%, demonstrating resilience amid high energy prices and geopolitical pressures.
  • Agriculture and transport remain the slowest sectors to decarbonize, with farmers’ protests prompting some rollbacks of environmental rules.
  • Renewable energy is on pace to supply 41% of EU consumption and energy use is set to drop by 8.1%, both missing their 2030 benchmarks, as carbon sink capacity also falls short.
  • Achieving full compliance with the 2030 targets will require roughly €570 billion in annual investment through the end of the decade.