The new EU Climate Law increases the EU’s target for reduction of greenhouse gas (GHG) emissions by 2030 from 40% to at least 55%, compared to 1990 levels. Additionally, an upcoming proposal from the Commission on the LULUCF Regulation to regulate GHG emissions and removals from land use, land use change and forestry, will increase EU carbon If a country's consumption-based emissions are higher than its production emissions it is a net importer of carbon dioxide. If its consumption-based emissions are lower, then it is a net exporter. Consumption-based emissions are not available for all countries because not all countries have sufficient, high-quality trade data. Cars and vans produce 15% of the EU’s CO2 emissions. Parliament backed the Commission proposal of zero CO2 emissions for cars and vans by 2035 with intermediate emissions reduction targets for 2030 of 55% for cars and 50% for vans. Learn more about the new CO2 targets for cars. To reach these targets, all new cars that come on the EU market Find your country. World. The maps displayed are for reference only. Last update: December 2023. Critically insufficient. Argentina Indonesia Iran (Islamic Republic of) Mexico Russian Federation Saudi Arabia Singapore Thailand Türkiye UAE Viet Nam. Highly insufficient. Canada China Egypt India New Zealand South Korea. Insufficient. Data sets. Free and paid data sets from across the energy system available for download. Policies database. Past, existing or planned government policies and measures. Chart Library. Access every chart published across all IEA reports and analysis. All data. Reports. Read the latest analysis from the IEA. To keep warming to 1.5 degrees, countries must cut emissions by at least 45 per cent compared to 2010 levels. 2050 The transition to net-zero emissions must be fully complete. China’s CO2 emissions began accelerating in the 2000s as the country rapidly developed. Advanced countries, like the US, UK and many in Europe, have been industrializing – and emitting climate The top 10 countries account for 62% of global carbon emissions and 49% of methane emissions, according to new McKinsey research.. It found capital spending on physical assets for energy and land-use systems in the net-zero transition between 2021-2050 would amount to about $275trn, or $9.2trn per year on average, an annual increase of as much as $3.5trn from today. Note: Only the introduction or removal of an ETS or carbon tax is shown. The coverage of each carbon pricing initiative is presented as a share of annual global GHG emissions for 1990-2015 based on data from the Emission Database for Global Atmospheric Research (EDGAR) version 5.0 including biofuels emissions. At stake was the EU's ability to contribute to global efforts to fight climate change, and achieve its target to cut net greenhouse gas emissions by 55% by 2030 compared with 1990 levels.. Meeting 0rOIov.