A new climate for Europe

2030 climate targets must be more ambitious | DIW Weekly Report


Amidst other national and global climate protection initiatives, the new EU Commission under the leadership of Ursula von der Leyen is facing the challenge of concretely following
through on previous announcements regarding an ambitious
climate policy. Specifically, action must be taken to raise the
2030 climate targets and the 2050 long-term strategy must be
revised in adherence with the Paris Agreement. Model calculations by DIW Berlin economists show that it is possible and
economically feasible to increase the 2030 emission reduction
target from 40 to 60 percent compared to 1990. The considerable environmental cost savings are offset by small increases
in energy system costs. When implementing an aggressive climate policy, burden sharing between the member states must
be considered. Furthermore, neither nuclear power nor CO2
capture technology is needed to implement these ambitious
climate targets, as the results of European model scenarios
from the SET-Nav project show.