
What Does the EU’s First BTR Say About Its Climate Action?
The EU’s first biennial transparency report shows an emission reduction of 31.8% relative to 1990.The EU is currently not on track to meet its Nationally Determined Contribution (NDC) target, although the impact of recently adopted policies has yet to be determined.The EU doubled its contribution to climate finance between 2014 and 202, but concerns about its reporting methodology could have potentially led to overestimations.