PIK STATEMENT on the EU climate target and on the Paris Agreement's 5th anniversary

12/11/2020 - Today, the European Council adopted the target of reducing greenhouse gas emissions by at least 55% below 1990 levels by 2030. On 12 December, the historic Paris climate agreement has its 5th anniversary of being adopted by representatives of more than 196 countries plus the EU at the UN climate summit COP21.
PIK STATEMENT on the EU climate target and on the Paris Agreement's 5th anniversary
Guillaume Périgois / Unsplash

On this issue, Earth system scientist Johan Rockström, Director of the Potsdam Institute for Climate Impact Research:

“The science is clear, the world needs to reach net-zero emissions by 2050 to stand a chance of holding the Paris limit of keeping global warming well-below 2°C. The EU is the world's climate leader, and that it commits in the upcoming Climate Law the target of reaching net-zero by 2050 is positive, and will certainly influence countries and actors around the world that either have taken similar steps  like China, Japan and soon the US , or that need to do so. The EU pledge of carbon neutrality by 2050 requires large transformative changes, with overall emissions reducing by some 6% per year. This will require large innovations, behavioral change, restructuring sectors and supply chains. Given that evidence increasingly shows that zero-carbon development is beneficial for the economy, jobs, health and resilience, there is a chance that the EU may exceed its own pledges. This will very likely be necessary.”

On this issue, economist Ottmar Edenhofer, Director of the Potsdam Institute for Climate Impact Research:

“The European Union is not acting alone, but in line with what recently also the US and China announced. If they all stay true to their pledges, and if others follow, we for the first time have a chance of achieving the Paris Agreement’s climate targets. But that’s a big ‘if’. The Paris Agreement clearly did not yet yield sufficiently meaningful nationally determined contributions to climate stabilization. Still, science has shown a number of possible pathways. Europe, China and the US must now join forces, namely by coordinating CO2 pricing schemes and launching conditionalized financial transfers to poorer countries to enable the global transition towards sustainability. That’s admittedly a bit of a Marathon. So we should stop tiptoeing and get going.”

Contact for further information:

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