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VORSITZ: KATARINA BARLEY. Die Sitzung wird um 8. Die PrΓ€sidentin. Ich erinnere die Mitglieder daran, dass es bei allen Aussprachen dieser Tagung keine spontanen Wortmeldungen gibt und keine blauen Karten akzeptiert werden.
Jytte Guteland, rapporteur. Today, we will enshrine into law that the EU, which started as a coal and steel union more than 70 years ago, will become the first carbon-neutral continent by at the latest. With this law the EU maintains its leadership as the region with the most ambitious targets for climate. The climate crisis is the one issue our children will judge us upon in the future. They already do. Today, we are all stuck in the fossil economy. A large share of our emissions comes from a few countries, a relatively few individuals, but all of us emit.
And the consequences β the heatwaves, the floods, the forest fires β they are felt by all of us. Unless we rapidly cut our emissions, the science is crystal clear: the future will be catastrophic. During the past months, I had the honour of leading the European Parliament's team in the negotiations with the Commission and the Member States.
It has been difficult and very intense but I am very happy to be present here today with our agreement. Increased ambition for , negative emissions after , a new target in , a greenhouse gas budget on the way and a climate advisory board are all important wins for the European Parliament. The new Climate Law strengthens the ambition of the EU's climate target. Perhaps the most contentious issue was the target for All of you know that.
This includes negative emissions, so-called sinks, and we also got a separate agreement on an increased level of ambition for Europe's sinks. In addition, by setting a cap on how much sinks can count towards the target, we also made sure that the priority is right, that the reduction is in focus.