MNI: Monthly European Carbon Market Policy Monitor

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Executive Summary: 

• EU Climate Target 2040: The EU’s 2040 climate target remains undecided following the postponement of a European Parliament vote on Ondrej Knotek’s proposal to reject the target, originally scheduled for 23 September. Environment Commissioner Teresa Ribera has said the bloc aims to finalise the target “in the coming weeks.”
• EU 2035 NDC: The EU Environment Council has approved a statement of intent outlining its indicative 2035 Nationally Determined Contribution (NDC) — a 66.25–72.5% GHG reduction vs 1990 levels. The final NDC is expected to be submitted ahead of COP30 in November.