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Denmark's national recovery and resilience plan (NRRP) corresponds to 0.2 % of the entire Recovery and Resilience Facility (RRF), or 0.5 % of Denmark's 2019 gross domestic product (GDP). The financial contribution from the EU totals €1625.9 million. In June 2022, the maximum RRF grant allocation available for Denmark was revised downwards, from €1551.4 million to €1 429 million (- 7.9 %). On 7 November 2023, the Council approved the amended plan, which includes a REPowerEU chapter, adding €196.7 ...

Delivering climate neutrality by 2050 will require carbon removals to cover remaining hard-to-abate emissions and to deliver, from 2050, negative emissions as per the EU Climate Law. The proposed certification framework seeks to ensure a transparent and credible governance framework for building trust in EU-certified carbon removals and to incentivise further deployment. The co-legislators reached a provisional agreement in February 2024. The European Parliament is expected to vote on the final text ...

On 30 November 2022, as part of the European Green Deal, the European Commission presented the legislative proposal for a Union certification framework for carbon removals. The initiative was first announced in the March 2020 new circular economy action plan and again highlighted in the climate target plan, as well as in the 'fit for 55' revision of the Regulation on land use, land-use change and forestry (LULUCF), as an essential tool to drive progress towards the 2050 climate neutrality target. ...

As the European Union's only directly elected institution, the European Parliament stands at the heart of European representative democracy, the foundation upon which the EU is built. Since its creation, the Parliament's powers have evolved significantly, and it is now a fully fledged legislative body and forum for discussion and engagement, whose influence is felt in virtually all areas of EU activity. This paper offers an overview of the European Parliament's main powers, demonstrating how they ...

The 'fit for 55' package of July and December 2021 was designed to realise the European Climate Law objectives: climate neutrality by 2050 and a 55 % reduction of net greenhouse gas (GHG) emissions by 2030, compared with 1990 levels. It consisted of 13 interlinked proposals to revise existing EU climate and energy laws, and six new legislative proposals. All proposals, except the Energy Taxation Directive, have been adopted or agreed by the European Parliament and the Council of the EU. The package ...

The revision of the Land Use, Land-use Change and Forestry (LULUCF) Regulation effectively increases reduction in overall net greenhouse gas (GHG) emissions in 2030 to 57 %, from the 55 % required by the European Climate Law. This is thanks to an EU target for carbon dioxide removals in the LULUCF sector.

To limit global temperature rise to well below 2°C above pre-industrial levels, as agreed in the Paris Agreement, all countries must cut their emissions, requiring substantial investment. Developed countries committed collectively to supporting developing countries in their climate mitigation and adaptation measures, with US$100 billion annually by 2020. However, the figure was not reached by 2020, nor is it deemed sufficient to cover the needs of developing countries. Beyond the level of financing ...

The carbon removals certification framework proposed by the European Commission is considered an essential tool to deliver climate neutrality by 2050, which requires increased deployment of and investment in carbon removal technologies and initiatives. The proposal aims to ensure a transparent and credible governance framework for building trust in EU-certified carbon removals. The report on the proposal by the European Parliament's Committee on the Environment, Public Health and Food Safety (ENVI ...

This Briefing concerns a portfolio change in the European Commission in mid-mandate and takes the same format and approach as those Briefings published in September 2019 to give Members of the European Parliament an overview of major issues of interest in the context of the Hearings of the Commissioners-designate.

The European Parliament started monitoring future shocks during the coronavirus crisis, and has continued to do so during Russia's unprecedented war on Ukraine. The annual 'Future Shocks' series reviews global risks, with a focus on specific risks and the capabilities and resilience of the EU system in the face of multiple challenges. It seeks to provide up-to-date, objective and authoritative information on these risks, based on risk literature from a broad range of sources. 'Future Shocks' includes ...