Finland Skeptical About EU’s Proposed 90% Emission Reduction Target for 2040 Climate Goal

By Eleanor Harrison Mar25,2024
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The EU’s Environmental Council meeting in Brussels marked the first official discussion of the 2040 climate goal. While Finland has accepted the EU Commission’s proposed 90 percent net emission reduction target, they have certain reservations about how to implement it. This includes proceeding technology-neutrally and accepting nuclear power as well as creating effective incentives for technical carbon sequestration at the EU level.

Finland emphasized the importance of cost-effective emission reductions and taking into account the uncertainties in the land use sector when implementing future legislation. They recognize that transitioning industry to green technologies is crucial for achieving emission reductions, including transitioning steel factories and refineries away from fossil fuels. Additionally, recovering carbon dioxide in forest industry units is a significant issue as technical sinks play a vital role in achieving net reduction increases in carbon dioxide emissions.

The 2040 climate goal will require both emission reductions and carbon removal to achieve the net reduction target calculated from the level of emissions in 1990. While Finland supports this target, they are adamant that key instruments used to implement it must meet their minimum requirements, including defining hydrogen as technology-neutral and allowing for nuclear power. They also want effective incentives for technical carbon sequestration at the EU level to increase net reduction by more than five million tons of carbon dioxide emissions.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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