The EU aims to be climate-neutral by 2050 – an economy with net-zero greenhouse gas emissions. This objective is at the heart of the European Green Deal and in line with the EU’s commitment to global climate action under the Paris Agreement.The EU is on track to meet its emissions reduction target for 2020 and has put in place legislation to achieve its 2030 climate and energy targets of reducing emissions by at least 40% by 2030. In her 2020 State of the Union speech, President von der Leyen announced the EU’s plan to raise its ambitions and reduce emissions by at least 55% by 2030.