The European Commission has recommended an EU-wide target of 90% net emission reductions by 2040 to set the bloc on the path to climate neutrality to by the middle of the century. The Communication on the 2040 Climate Target highlights the vital role of carbon pricing, CCS and carbon removals in achieving the 90% target. Yet, while the EU 2040 target is in the spotlight, the 2030 implementation challenge should not be underestimated. During this session, the panellists will discuss the Commission’s proposal, the process towards the review of the European Climate Law, the revision of the EU ETS before and after 2030 and the future of the EU’s carbon management industry.