The Union has in place a regulatory framework to achieve the 2030 climate target. The legislation implementing that target consists, inter alia, of Directive 2003/87/EC, which establishes the EU ETS, Regulation (EU) 2018/842 of the European Parliament and of the Council, which introduced national targets for reduction of greenhouse gas emissions by 2030, and Regulation (EU) 2018/841 of the European Parliament and of the Council, which sets net carbon removal targets for the land-use sector. In order to ensure a smooth transition to the emissions trading system for buildings, road transport and additional sectors set out in Chapter IVa of Directive 2003/87/EC (the ETS2), the operation of emissions trading for those sectors should be postponed by one year and the rules set out in Article 30k(2), points (a) to (e), of Directive 2003/87/EC should apply. The Commission should assess how the relevant Union legislation would need to be amended in order to achieve the 2040 climate target, also taking into account declining natural sink capacity. When designing the post-2030 framework, the Commission should prepare detailed impact assessments, taking into account its analysis of the integrated national energy and climate plans, the geopolitical environment, including the need to ensure the capacity of the Union and its Member States to rapidly increase and strengthen their defensive capacity by addressing possible burdens while maintaining incentives for industrial decarbonisation, the impacts on competitiveness, SMEs and energy intensive industries, and the impacts on energy costs and investment needs across Member States, and should consider taking necessary measures, including legislative proposals as appropriate.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
