EU 2040 Climate Target: Contributions of the industry sector

Publication: Report
Citation: Kögel, Nora; Velten, Eike; Martini, Leon (2024): EU 2040 Climate Target: Contributions of the industry sector. Ecologic Institute, Berlin.

The EU will adopt a climate target for 2040 and a framework for its implementation in the coming years. The 2040 target and its implementation framework will be pivotal milestones on the EU's journey towards achieving climate neutrality by 2050 and ultimately attaining net negative emissions. Implementing rules that enable substantial emission reductions in industry will be a crucial part of this framework. The integrity of the EU's climate policies hinges on the strength and effectiveness of these rules.

A new report by the Ecologic Institute and the Oeko-Institut explores the past contribution of the industry sector to already achieved emission reductions as well as the contribution of the industry sector to the upcoming 2040 climate target and what it takes for industry to achieve the related emission reductions. With a focus on measures and policies governing that would further reduce emissions in industry, the report also examines the key challenges faced by the industry sector and how this is addressed in EU legislation.

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EU 2040 Climate Target and Framework: The Role of Carbon Removals

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This report by the Ecologic Institute and the Oeko-Institut provides an overview of design options for the EU's 2040 climate target and options for the implementation framework. The report discusses reforms how to make the EU climate policy framework fit for achieving the 2040 climate target.

EU 2040 Climate Architecture: Target Designs and Framework Options

Discussing design options for the EU 2040 climate framework

Year 2023

Publication:Report

This report by Ecologic Institute and the Oeko-Institut discusses the level of ambition of a 2040 EU climate target. The report analyses the implications of a 2040 climate target for Member States and sectors. It also discusses the political context in which the EU 2040 climate target will be negotiated.

Designing the EU 2040 Climate Target

Political context, level of ambition, implications for Member States and sectors

Year 2023

Project

Ecologic Institute and the Oeko-Institute have launched a project to analyse the ambition level of the 2040 target. The project also examines the impacts of a new 2040 target on EU Member States, sectors, and instruments.

EU 2040 Climate Target

Level of ambition and implications

Mar 2023 - May 2025

Language: English
Authorship: Nora Kögel

Eike Karola Velten

Leon Martini
Credits: The authors would like to thank Roman Mendelevitch and Sabine Gores (Öko-Institut), as well as Benjamin Görlach and Nils Meyer-Ohlendorf (Ecologic Institute) for their helpful comments on previous drafts.
Funding: Federal Ministry for Economic Affairs and Climate Action (BMWK), Germany
Published by: Ecologic Institute, Germany
Year: 2024
Dimension: 35 pp.
Project: EU 2040 Climate Target
Project ID: 60028
Table of contents: Click to show full table of contents

Executive summary
1 Introduction and conclusion
2 Sectoral trends
2.1 Historical and projected emission trends on the EU level
2.2 Future trends in national projections
2.3 Relationship to other sectors
3 Mitigation options and key challenges
3.1 General challenges
3.2 Challenges of selected industries
4 Sector contributions to the 2040 climate target
4.1 What is already in current EU legislation?
4.2 Possible range of emissions 2040 – with a glimpse on 2050
5 How to achieve the necessary contribution: Discussion of possible policies and measures and options
6 References
Keywords: Climate

Industry

EU 2040, climate target, industrial sector emissions, greenhouse gas reduction, renewable energy, low-emission technologies, EU Emissions Trading System, ETS, emission reduction strategies, sustainable industry transformation, green technologies, climate neutrality, technological innovation, investment in infrastructure, material efficiency, steel industry, cement industry, chemical industry, Carbon Capture and Storage, CCS, Carbon Capture and Utilisation, CCU

Europe

Policy and Economic Analysis