EU Climate Commissioner Wopke Hoekstra told Euractiv that his plan to reduce greenhouse gas emissions by 90 percent compared to 1990 levels is not only achievable but also essential for Europe’s future.

The European Commission wants 44 major oil and gas producers to store 50 million tons of carbon dioxide underground annually by 2030. In Slovakia, Environment Minister Tomáš Taraba proposed building a storage facility, saying it would ease pressure on industry and help meet climate targets.

Slovakia cannot rely solely on car manufacturing, but as a small country, it must focus on a few areas where it excels. Attracting investment in innovative and green technologies and retaining skilled workers—who are more important to investors than low taxes—were points agreed upon by financial experts.

Delayed rules for renewable energy and unresolved household emission charges mean fines for Slovakia, as well as an unstable legislative environment for both citizens and businesses.