Dear Chair,

Honourable Members,

Im pleased to be here for an in-depth discussion on EU climate policies. We are witnessing significant changes in global geopolitics, affecting trade, security, and climate diplomacy. The EU faces challenges both domestically and internationally.

Domestically, our focus is on continuing our climate policies while improving business competitiveness and reducing dependencies on unreliable regimes. This is central to the Clean Industrial Deal.

Climate change cannot be ignored; the costs in human, economic, and environmental terms are escalating. Europe will continue with climate action globally and within the continent.

On the domestic front, we are on track to meet our 2030 climate targets. The EU-wide assessment of National Energy and Climate Plans will be released soon, showing progress towards a 55% reduction by 2030. Emissions in ETS sectors have significantly decreased, and renewable energy sources are increasing.

We need to align competitiveness, climate action, and independence. Decarbonisation is crucial, and the Clean Industrial Deal supports both heavy industries and emerging clean tech companies in the EU.

Strengthening CBAM is essential as European exporters face disadvantages. Simplifying CBAM and addressing downstream products and exports are priorities for the year.

Internationally, the geopolitical landscape is challenging, affecting climate negotiations. Crafting ambitious NDCs and concrete plans requires collaboration with global partners.

Carbon markets and mitigation efforts are top priorities, and Ill keep you updated on developments. I look forward to our exchange.