European industry depends on the EU adopting a high and ambitious climate target for 2040. This is the message from seven European industry organisations that the Confederation of Danish Industry has gathered to present a declaration to Climate Minister Lars Aagaard (M) and the EU Commission ahead of the crucial negotiations on the new target.
- If someone claims that European business does not want the green transition, this shows that it is not correct, says Anne Højer Simonsen, Deputy Director of the Confederation of Danish Industry for the climate area.
Over the past few months, she and the Confederation of Danish Industry have worked to gather as many European industry organisations as possible behind a climate declaration that will show the business community's support for the Danish EU presidency to land a high climate target for 2040.
We have succeeded in getting large industrial countries such as Germany and France on board, as well as the Nordic countries Sweden, Norway, Finland and Ireland.
One of the countries' points is that it is important for both the EU's competitiveness and future state, that Europe's business community is geared towards a green future.
Want climate credits
In the declaration, the countries' business organisations outline their proposals for what the path to a climate target of 90 percent should entail. The first of five points here is that the EU must accept the use of new climate credits, as proposed by the Commission.
A measure that will mean that European countries can pay other countries to carry out CO2 reductions that they themselves do not have to make.
Question: Is the declaration an attempt to ensure that industry can pay for itself from adapting?
- No, it is not. It is an attempt to have flexibility, which the EU Commission also emphasizes, says Anne Højer Simonsen.
She points out that the proposal for climate credits only implies that member states must cover three percent of their reductions with the tool. The industries do not want to increase that share, and at the same time it is stated that it is important that the credits are credible, transparent and deliver real reductions. It is part of a compromise between more climate-sceptical countries.
- We would rather have this flexibility than lower the percentage target in such a compromise situation.
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