Brussels, 2 July 2025 – The European Geothermal Energy Council (EGEC) is concerned by the proposal to weaken the 90% greenhouse gas emission reduction target for 2040 by introducing international and domestic offsets. This will divert urgently needed investment in the EU’s energy, transport, building and agriculture sectors.
Furthermore, the climate target alone does not drive investments in Europe. The Renewable Energy and Energy Efficiency Directives do. The 2040 energy framework, and the European Geothermal Action Plan, which is to be launched in Q1 2026, are essential for building energy security and providing affordable energy for all.
“The 2040 climate target will be impossible to achieve without the mass deployment of geothermal energy,” said Philippe Dumas, Secretary-General of EGEC.
Sanjeev Kumar, EGEC’s Policy Director, added: “With the inclusion of international and internal offsets, the 2040 energy and geothermal frameworks become even more important as they are the only measure to attract inward investment in local energy resources, jobs and competitiveness as well as shielding Europe from high and volatile energy prices.”
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