In an interview with Ulitive, EU Climate Commissioner Wopke Hoekstra emphasized the need for the EU to adopt a “practical” approach in achieving its climate goals. Last week, the European Commission proposed a target of reducing greenhouse gas emissions by 90% from 1990 levels by 2040, aiming for climate neutrality by 2050. Hoekstra noted that support for ambitious climate targets remains strong among European leaders but acknowledged the importance of maintaining competitiveness.
He also indicated that achieving these targets may require flexibility, such as outsourcing some climate actions to developing countries. While he is open to utilizing carbon credits from these countries, he stressed the importance of a reliable system to avoid past criticisms of greenwashing.
Hoekstra recognized the complexities surrounding climate actions, including the controversial nature of carbon capture and storage (CCS). He asserted that the EU maintains a neutral stance on technologies, embracing both renewable energy and nuclear as viable solutions. He emphasized the scale of investments needed for the energy transition and cautioned against disrupting costs with necessary investments, urging the need for predictability to attract large investors.
Hoekstra also addressed the EU’s carbon border adjustment mechanism (CBAM), noting changes in its design and the need for ongoing improvement in climate strategies. Overall, he underscored the importance of being “street smart” in navigating these challenges while remaining committed to ambitious climate objectives.
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