EIT Climate KIC joins EU coalition for higher climate ambition

Ahead of the upcoming European Council (EUCO) and Environment Council (ENV), the Coalition for Higher Ambition – convened by CAN Europe – urges EU leaders to support a net domestic emissions reduction target of at least 90% by 2040 and submit an ambitious Nationally Determined Contribution (NDC). Since the European Commission released its Communication on the 2040 climate target in February 2024, the climate crisis has escalated worldwide. Over a year since this announcement, the necessary Climate Law amendment is yet to be seen, as is the overdue EU NDC to be submitted under the Paris Agreement. The Coalition for Higher Ambition – a broad alliance of businesses, local and regional authorities, and civil society groups convened by CAN Europe and joined by Climate KIC – is now calling on the EU and Member States to fully meet their obligations to build on the European Green Deal in addressing the climate crisis. The recent Clean Industrial Deal and the Competitiveness Compass announcements reaffirm the EU’s commitment to decarbonisation, recognising that climate ambition drives both economic competitiveness and energy security. Businesses, investors, and local and regional authorities are already leading the way, investing in clean industries, decarbonisation, and resilience measures. In this framework, a clear and ambitious 2040 climate target will provide increased certainty for businesses and financial markets, reduce investment risks, and strengthen Europe’s economic...