Luxembourg is currently implementing the EU’s climate objectives into its national legislation. Draft bill No. 8320, currently being discussed at the Luxembourg Parliament, is intended to amend and adapt the existing Luxembourg Climate Law of 15 December 2020 (“Climate Law 2020 “).
The new bill No. 8320 aims to transpose four European texts into national law,1 including Directive (EU) 2023/9593 (on the inclusion of emissions from the maritime transport sector in the Emissions Trading Scheme (ETS), and the establishment of a new standalone “ETS 2” applicable to the building, road transport and fuel sectors).
The EU’s new objective is a net reduction in emissions of at least 55% by 2030 (compared with 1990), as set out in the European Climate Act (Regulation (EU) 2021/1119), and to achieve climate neutrality by 2050 at the latest. Also provided in the European Climate Act, the European Commission recommends a reduction in emissions of at least 20% by 2040.
Currently, the applicable climate law sets a target of reducing greenhouse gas emissions at a national level by 55% by 2030 compared with 2005 levels. This target concerns all emissions allocated to Luxembourg under Regulation (EU) 2018/842. For the building sector, the target is currently set at a 64% reduction in greenhouse gas emissions by 2030 compared to 2005.
The long-term objective is to achieve climate neutrality, or net-zero emissions, in Luxembourg by 2050 at the latest.
[1] Directive (EU) 2023/9582 concerning the commercial aviation sector; Directive (EU) 2023/9593 (on the inclusion of emissions from the maritime transport sector in the ETS, and the introduction of a new standalone "ETS 2" applicable to the buildings, road transport and fuel sectors); Regulation (EU) 2023/9564 (on the introduction of a mechanism for the border carbon adjustment mechanism); Regulation (EU) 2023/9575.