The energy storage industry is committed to supporting a socially just and cost-effective energy transition with high levels of ambition. The 2030 Climate Target Plan should send clear signals to investors and industry, especially given the impacts of the COVID-19 pandemic.
EASE’s key recommendations:
Increase the EU’s 2030 target to reduce greenhouse gas emissions domestically to at least 55% compared to 1990. This is essential in order to speed up Member States’ efforts to achieve climate neutrality by 2050.
More ambitious climate policy brings with it many opportunities: improving energy security and reducing dependency on imported fossil fuels; creating new green jobs; lowering pollution, improving health, and increasing well-being of citizens; and mitigating costs associated with climate change to society. Increased climate ambition will strengthen investor confidence, allowing the EU to mobilise more resources for the energy transition. This is important given the economic impacts of the COVID-19 pandemic; a higher 2030 target sends a strong message regarding the commitment to a green recovery.
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