June 17, 2024

2040 Targets and Green Claims: Council highlights carbon removal in discussions on key policies for the next decade of EU climate action

Carbon Gap reacts to Council’s policy debate on the 2040 climate target and the general approach on the Green Claims Directive.

Key takeaways:

  • The discussion on the 2040 climate target showcased the increasing recognition among member states of the role of carbon removal in the EU’s climate framework.
  • The Council’s position on Green Claims expands disclosure requirements related to the use of carbon credits but only partially recognises the key role of carbon removals for compensation claims, especially in the case of fossil emissions.
  • Both policies are instrumental in ensuring a greater role for carbon removals in the EU climate policy – a requisite for reaching climate neutrality.

Next steps

The adopted position on the Green Claims Directive will form the Council’s mandate for the trilogue negotiations with the Parliament and the Commission, expected to commence either at the end of the year or at the beginning of 2025.

The policy debate on the 2040 climate target will feed into the Commission’s work on the European Climate Law revision, the proposal for which is planned for Q1 2025.