The total number of international credits exchanged now amounts to 452.2 million since the exchange function became operational in March 2014. This is an increase of around 15.9 million credits compared to the number of international credits exchanged that was published in November 2018.
In order to estimate how much European forests contribute to our EU 2030 climate targets by removing CO2 from the atmosphere, the LULUCF Regulation required Member States to submit National Forestry Accounting Plans.
The Commission has today published its assessment of Member States’ draft plans to implement the EU’s Energy Union objectives, and in particular the agreed EU 2030 energy and climate targets. The Commission’s assessment finds that the national plans already represent significant efforts but points to several areas where there is room for improvement, notably as concerns targeted and individualised policies to ensure the delivery of the 2030 targets and to stay on the path towards climate neutrality in the longer term. The European Union is the first major economy to put in place a legally binding framework to deliver on its pledges under the Paris Agreement and this is the first time that Member States have prepared draft integrated national energy and climate plans (NECPs). Yet, with plans currently falling short both in terms of renewables and energy efficiency contributions, reaching the EU's overall climate and energy goals will require a collective step up of ambition.