The European Commission’s proposal to set a binding EU-wide climate target for 2040—requiring a 90% net reduction in greenhouse gas emissions compared to 1990 levels—is expected to intensify regulatory and financial pressure on the transport, fuel and manufacturing sectors. While the draft regulation avoids prescribing sector-specific obligations, it clearly sets the trajectory for a far-reaching overhaul of the post-2030 EU policy framework.
GMPB — October 9th — Competing ETS Amendments Set Out Transport Funding Priorities as EU Emissions Rise
9 October 2026
Headlines: Ricci proposes 70% reinvestment requirement for aviation and maritime ETS revenues EU transport emissions rise 2% as rail freight declines Bloss seeks electrification-first ETS funding, reduced biofuel support, and carbon pricing for contrails Fuel associations seek binding renewable transport targets beyond 2030 Industry and NGOs oppose further delay to
