Climate advisers caution EU against relying on carbon credits to meet 2040 goal. Image: ENDS Europe.
(The Post News)– The European Union (EU) climate advisers have cautioned against weakening the 2040 climate target amid concerns over political push back against green policies.
The EU’s climate science advisers, the European Scientific Advisory Board on Climate Change (ESABCC), advise against using international carbon credits, warning it could redirect funds from European industries and infrastructure, undermining domestic economic transformation.
A Commission spokesperson emphasized the need for ambitious climate action and setting emissions targets, without directly addressing concerns about carbon credits. Using carbon credits would allow EU countries to offset emissions by funding projects abroad, such as forest restoration. While some see this as a way to support global climate efforts, others are sceptical.
The EU previously banned international credits in 2013 due to concerns over their environmental impact and the negative effect on carbon prices. Despite global challenges, the ESABCC remains committed to its 2023 recommendation for a 90-95% emissions reduction by 2040, citing its feasibility and alignment with global climate objectives.
Achieving this goal would necessitate a nearly emissions-free power sector and industry electrification, yielding benefits like improved public health, industrial modernisation, and reduced dependence on imported fossil fuels.
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