|Author (Corporate)||Council of the European Union, European Parliament|
|Series Title||Official Journal of the European Union|
|Series Details||L 156|
Regulation adopted in June 2018 - also known as Effort Sharing Regulation - with respect to minimum contributions by EU Member States to fulfilling the EU's target of reducing its greenhouse gas emissions for the period 2021-2030.
Regulation (EU) 2018/842 lays downs obligations to be fulfilled by the Member States of the European Union (EU) as regards their contributions to the binding annual greenhouse gas emission reductions from 2021 to 2030. This Regulation also lays down rules on determining annual emission allocations and for the evaluation of Member States' progress towards meeting their minimum contributions. The Regulation is the successor of the Effort Sharing Decision that sets annual national GHG emission limits for the period 2013-2020.
In October 2014, the European Union reached an agreement regarding a binding, economy-wide emissions reductiong target of at least 40% by 2030, compared to levels achieved in 1990. This commitment is in line with a cost-effective pathway to reach the EU's long-term climate objective and became the basis for EU's international commitment under the Paris Agreement on climate change.
On 20 July 2016, the European Commission adopted the draft law for a Regulation limiting post-2020 national emissions of greenhouse gases (GHG) in sectors not covered by the EU emissions trading system (ETS). It was put forward as part of a legislative package in the framework of the Energy Union strategy. The European Parliament adopted its negotiating position on 14 June 2017, followed by the Council of the European Union on 13 October. An informal agreement between the co-legislators was reached in December 2017. This was formally endorsed by the Parliament's plenary session in February 2018 and by the Council on 14 May. It was formally adopted by the co-legislators on 30 May 2018.
|Subject Tags||Atmospheric | Air Pollution, Climate Change, Energy Union, Green Economy|
|Keywords||Greenhouse Gas | GHG Emissions
|International Organisations||European Union [EU]|