The European Union should commit to slash its net greenhouse gas emissions by as much as 95% by 2040, official advisers said on Thursday, as Brussels prepares a new goal to curb Europe's contribution to climate change.
The European Commission is drafting what would be the EU's first legally binding emissions-cutting target for 2040, aimed at guiding the world's third-biggest economy towards its aim to have zero net emissions by 2050.
"The pathways and other analysis indicate numerous potential benefits to climate action - better air quality, better health outcomes, [becoming] less dependent on imported fossil fuels, less water stress," said Ottmar Edenhofer, who chairs the 15-member board of independent scientific experts. The advisors said reaching the 2040 goal would require a massive scale up of renewable energy, a shift to electrify polluting industries, and replacing fossil fuels with alternatives like hydrogen. Coal use in the power sector would be virtually eliminated by 2030, followed by gas power in 2040.
The EU has among the most ambitious climate change policies of any major economy, having passed a raft of laws to deliver its 2030 target to cut net emissions by 55%, from 1990 levels.
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