Europe to miss 2030 climate goal by 21 years at current pace - study | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Europe to miss 2030 climate goal by 21 years at current pace - study

World+Biz

Reuters
04 September, 2021, 07:45 pm
Last modified: 04 September, 2021, 07:47 pm

Related News

  • New Zealand to price sheep and cow burps to cut greenhouse gases
  • Bangladesh GHG emissions rise 218% in 27 yrs
  • EU nations quarrel over whether nuclear, gas are 'green'
  • Financial Times recognizes BAT group as the ‘2021 Climate Leader’
  • Heavy industry, transport sectors to align on net-zero climate plans

Europe to miss 2030 climate goal by 21 years at current pace - study

In July, Brussels unveiled a raft of ambitious measures in its ‘Fit for 55’ package aimed at putting the European Union on track to meet the 2030 goal of reducing emissions by 55% from 1990 levels.

Reuters
04 September, 2021, 07:45 pm
Last modified: 04 September, 2021, 07:47 pm
photo: Reuters
photo: Reuters

Europe will miss a key climate target for cutting greenhouse gas emissions by more than 20 years unless it picks up the pace on energy transition measures and improves governance, a study involving Europe's biggest utility Enel (ENEI.MI) said.

At the current pace, Europe will only reach its 2030 target for a 55% reduction in greenhouse gases in 2051, a study by Enel Foundation and the European House-Ambrosetti said.

In July, Brussels unveiled a raft of ambitious measures in its 'Fit for 55' package aimed at putting the European Union on track to meet the 2030 goal of reducing emissions by 55% from 1990 levels.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The study, presented on Saturday, said investments of around 3.6 trillion euros ($4.3 trillion) were needed across the bloc to reach 2030 goals, with a potential cumulative impact on the EU's economic growth of more than 8 trillion euros.

But it warned the EU needed to step up its efforts if this potential was to be realised.

"It is necessary to accelerate and equip ourselves with a governance system which is adequate to the extent of the challenge and capable of translating intentions into concrete action," Enel Chief Executive Francesco Starace said.

He said at the current pace Europe would only reach its 2030 target of raising the share of renewable energy to 40% of final consumption in 2043. "(That) would be too late".

To speed up the process, the study called for closer cooperation between member states on energy transition, adopting a regional approach to help boost market integration.

Top News

2030 climate goal / greenhouse gas emissions / European House-Ambrosetti

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BB asks female staff to wear 'modest' attire, discourages short-sleeved or length dresses, leggings
    BB asks female staff to wear 'modest' attire, discourages short-sleeved or length dresses, leggings
  • Representational image. Photo: Collected
    US yet to confirm third-round talks as tariff deadline looms
  • File photo of BNP Chairperson Khaleda Zia arriving at the Evercare Hospital from her Gulshan residence on 18 June 2025. Photo: UNB
    Khaleda Zia taken to Evercare Hospital for late night medical check-up

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

Related News

  • New Zealand to price sheep and cow burps to cut greenhouse gases
  • Bangladesh GHG emissions rise 218% in 27 yrs
  • EU nations quarrel over whether nuclear, gas are 'green'
  • Financial Times recognizes BAT group as the ‘2021 Climate Leader’
  • Heavy industry, transport sectors to align on net-zero climate plans

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

5h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

7h | TBS Today
13 political parties meet with chief advisor; urge to announce election date

13 political parties meet with chief advisor; urge to announce election date

7h | TBS Today
Bangladesh and Pakistan unite to fight drugs

Bangladesh and Pakistan unite to fight drugs

8h | TBS Today
Case Study of Milestone Tragedy

Case Study of Milestone Tragedy

9h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net