New EU CO2-reduction goal will lead to a moderate ETS price gain

Mid September the European Commission (EC) presented its plan to reduce EU greenhouse gas (GHG) emissions by at least 55% in 2030. This plan is part of a bigger ambition, namely to make the EU climate neutral in 2050. The increased reduction target is seen as much more ambitious than the previous target of 40% GHG-emission reduction compared to 1990. Mid September the European Commission (EC) presented its plan to reduce EU greenhouse gas (GHG) emissions by at least 55% in 2030. This plan is part of a bigger ambition, namely to make the EU climate neutral in 2050. The increased reduction target is seen as much more ambitious than the previous target of 40% GHG-emission reduction compared to 1990. More information can be read in the attached pdf.