The EU annual climate action progress report titled: Two years after Paris — Progress towards meeting the EU’s climate commitments, states that the European Union cut their emissions 23% as the economy grew 53% from 1990 to 2016, proving again that taking action on the environment does not have to affect the bottom line.
The EU is on track to meet it’s 2020 greenhouse gas emissions reduction targets. According to the report, in 2016 EU emissions decreased by 0.7% while GDP grew by 1.9%.
Commissioner for Climate Action and Energy Miguel Arias Cañete said:
“Two years after the adoption of the Paris Agreement, the EU remains fully committed to reducing its domestic emissions by at least 40% between 1990 and 2030. We are on track to meet our 2020 target and close to finalising our climate legislation for the next decade. Our emissions decline while the economy grows, largely thanks to innovative technologies, showing that growth and climate action can go hand in hand. However, there are still challenges ahead, as transport emissions in the EU continue to grow. This is why the Commission will present tomorrow measures to slash emissions from cars and vans in the decade starting 2021”
With this news from the latest report, new legislative acts and on the ground action with more financial programs are also being proposed. New investments in renewable energy, better energy efficiency and more efficient transport systems for all EU members.
To read more about this climate action report visit the European Commission’s Climate Action website.