The EU’s 2040 target is an important milestone on the path to net zero greenhouse gas (GHG) emissions. The 2040 target needs to be identified such that it builds on the decarbonization trends under way to reach the 2030 targets and that it allows to reach net zero emissions by 2050. At the same time, EU policy makers need to make sure this transition is a “fair” one, keeping the societal and economic implications in view.
The briefing note contains relevant insights from the NAVIGATE project informing a range of these aspects for a sound identification of the EU 2040 target.