The European Commission proposed an amendment to the EU Climate Law today, setting a 2040 EU climate target of 90% reduction in net greenhouse gas emissions, compared to 1990 levels, as requested by the Commission Political Guidelines for 2024-2029. The decision, Brussels explains, “will give certainty to investors, innovation, strengthen industrial leadership of our businesses, and increase Europe’s energy security”. Today’s proposal builds on the EU’s existing legally binding goal of reducing net greenhouse gas emissions by at least 55% by 2030, and sets out “a more pragmatic and flexible way to reach the target, with a view towards a decarbonised European economy by 2050”. European Commission President Ursula von der Leyen said: “As European citizens increasingly feel the impact of climate change, they expect Europe to act. Industry and investors look to us to set a predictable direction of travel. Today we show that we stand firmly by our commitment to decarbonise the European economy by 2050. The goal is clear, the journey is pragmatic and realistic”.