The EU must “significantly” accelerate its efforts to cut greenhouse gas emissions if it is to meet its 2030 and 2050 climate targets, according to a leading scientific advisory group for the bloc.
The European Climate Neutrality Observatory assessed dozens of indicators across leading economic sectors. Progress towards the EU’s goals, including its target of net zero emissions by 2050, was particularly poor in forestry and finance, with the bloc needing to increase its annual climate investments by €360bn to help reach net zero, according to the first comprehensive report to track the bloc’s progress.
The consortium of research groups also said Brussels must step up its efforts to help households reduce their carbon footprint.
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