The German MEP also stressed that there was no need to unanimously approve the adoption of the EU`s 2030 climate plan and said that the decision could be taken by qualified majority in the Council in order to circumvent a possible Polish veto. Today`s EU summit is not expected to reach an agreement on the EU`s new climate target for 2030, but is expected to pave the way for an agreement in December. EU heads of state and government will “return to this issue” in order to reach agreement on the target by the end of the year, as indicated by the conclusions of the EURACTIV summit. Finally, if EU Member States reach an agreement, they will have to find common ground with the European Parliament, which is needed for approval to adopt the EU-wide climate target plan at EU level. However, EU diplomats were not disappointed by the Council`s result and even welcomed the fact that Member States had agreed before the Cop25 in Chile, which was the main objective of the meeting. This part was eventually removed from the final version, which simply states that in 2020, “the EU will update its NDCs as agreed in Paris.” Ten countries – Bulgaria, the Czech Republic, Croatia, Estonia, Greece, Hungary, Lithuania, Malta, Poland and Romania – have blocked efforts for a more explicit language. Of these ten, the Czech Republic, Hungary and Poland are the last outliers of the 2050 agreement. At a meeting of the Environment Council in Luxembourg, the 28 EU national delegates gave their blessing to a common position ahead of the annual UN climate change conference in December. Ministers approved a text that stipulates that the Council will complete its work on a climate neutrality target for 2050, which is expected to be achieved by the end of the year. However, the final conclusions on the EU`s 2030 target have been watered down. The Czech Republic and Poland, in particular, refuse to set new targets until the cost of fossil fuel extraction has been fully explained. Polish energy officials insisted last week that the idea of becoming carbon neutral by 2050 was “a fantasy.” He added: “We are deeply disappointed that some EIB stakeholders, particularly the European Commission, appear to have succeeded in weakening the initial strong project.” “We must agree to raise the climate target to “at least 55%” by 2030,” says the statement signed by the environment ministers of Denmark, Estonia, Finland, France, Ireland, Latvia, Luxembourg, the Netherlands, Portugal, Spain and Sweden.
He added that “the EU must commit to a much higher target in early 2020 to encourage other countries to do the same.” Estonia supports the EUROPEAN zero-carbon target. Poland Loses Allies By Aneta Zachova and Frédéric Simon EURACTIV.com and EURACTIV.cz “The proposed amendments are contrary to the spirit of the EIB`s draft proposal and the EU`s proposed overall goal of achieving climate neutrality by 2050,” the letter says. Federal Economy Minister Peter Altmaier said discussions between energy ministers from the 27 EU member states showed on Tuesday (October 6th) that a majority wanted to update the bloc`s emissions reduction target by 2030 on the path to climate neutrality by 2050. Even if the climate-hold-outs are hardly without details, their big question is very simple: money and a lot of money. In particular, Poland insists that new financial aid be added to existing flows from the EU budget and the Emissions Trading Scheme. Ten countries have blocked attempts by other countries to engage there and then increase them. In a separate letter from investors and industry players, the EIB is urged to “not subsidize fossil fuel projects that are likely to last until the second half of the century.” The letter also states that the Bank`s first project is