Input from the Danish Government for Targets and Policies
for an Ambitious
European Green Deal
Ambitious Climate Targets and Action
The 2030 target must be increased from the current 40 percent to at least 55 percent.
Member States should agree upon this in the first half of 2020 and submit it to the
UNFCCC as the EU’s updated Nationally Determined Contribution in order to push for
higher global ambition in the run-up to COP26 in Glasgow. An increased 2030 target
should be implemented in the most cost effective way.
It is of immediate urgency that the European Council agrees on reaching climate
neutrality in the EU by 2050 at the latest. The EU should set targets and implement
policies and measures to limit the global average temperature increase to 1.5 C in line
with the Paris Agreement.
The revision of the Energy Taxation Directive should support the green transition.
Among other things, it is a priority that the tax exemption for aviation fuel is abolished
and that energy products are taxed depending on their climate impact.
The ETS should be further strengthened for the covered sectors, as it is the most cost
effective market based instrument driving the green transition and there is further
scope for making it even more effective, e.g. through a further reduction of free
allowances, an adjustment of the uptake in the Market Stability Reserve, or through a
combination of reduced free allowances and uptake in the Market Stability Reserve, as
well as an expansion of the ETS to cover the removal of CO
2
.
Increased 2030 target
Target on climate
neutrality by 2050
Energy Taxation
Directive
A strengthened EU
ETS
Green Finance for the Green Transition
25 percent climate
mainstreaming in the
MFF
EIB as Europe’s
Climate Bank
More green
investments
It should be ensured that at least 25 percent of the Multiannual Financial Framework
is targeted for climate mainstreaming.
The European Investment Bank should be Europe’s Climate Bank and promote more
green investments.
The Commission strategy on sustainable finance should include an EU green bond
standard and an ECO-label for financial products in order to avoid green washing and
expand the market for green and sustainable financial investments, as well as it
should include climate risks in risk management and credit ratings.
Green Mobility to Move Transport to Lower Emissions
Aviation
The Commission should present common European measures to regulate the
emissions from aviation, amongst others through a strengthening of the EU ETS
.
The Commission should present a concrete plan with proposals for policy initiatives
and incentives for the transition to a fleet of zero-emission passenger cars to support
the EU in reaching climate neutrality by 2050. Specifically, CO
2
standards for light and
heavy-duty vehicles should be strengthened.
Denmark supports measures that strengthen regulation to reduce NOx emissions in
the EU. The current EU regulation on transport intended to reduce NOx emissions is
not sufficiently effective.
Road transport
NOx pollution from
passenger cars, vans
and heavy duty vehicle
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