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EU could afford to leade climate action

This week, the heads of the EU member states will meet in Brussels to discuss the adoption of a 40 percent greenhouse gas reduction target for 2030. Despite the fragmented state of global climate policy, such front runner action could reduce future global warming by more than 1 degree if it induced others to join by 2030. This is shown by a study now published by an international team of scientists. Major emitting countries may have to join the EU's effort much earlier to avoid a temporary overshoot of the 2 degree target, but even if they joined only in 2030, the overshoot would be limited to roughly 0.2 to 0.4 degrees Celsius. The initial unilateral leadership could be achieved at little extra costs for the EU. Late-comers would have the benefit of lower costs while they delay action but would face higher transient costs once their turn to decarbonize comes.

Read more from the Potsdam Institute for Climate Impact Research (PIK)

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