US EditionEU Climate Ministers Debate Weaker 2040 Emissions Target
The EU agreed on a 90% emissions reduction target by 2040 with flexibility to use foreign carbon credits and postpone some policies, amid member states' economic concerns.
- EU climate ministers, meeting into the early hours on Wednesday, reached a tentative 2040 emissions deal after last-minute negotiations before the UN COP30 summit, where Ursula von der Leyen will meet leaders.
- Economic worries such as higher fuel prices drove a backlash from industries and some governments that pushed to dilute the agenda, while Poland, the Czech Republic and Hungary opposed but could not block it.
- On the table was an option to let countries buy foreign carbon credits to cover up to 5 percent of the EU target, with some states pushing for 10 percent, according to the draft and diplomats.
- Ministers planned to reconvene on Wednesday to seek formal approval, while Denmark said `We believe we have the basis for a political deal` amid opposition from Spain, Netherlands, and EU independent climate science advisers.
- Spanish Environment Minister Sara Aagesen said Tuesday that `We are risking our international leadership, which is fundamental in this extraordinarily complicated context` as EU independent climate science advisers warned reliance on foreign CO2 credits could divert investments from European industries.
29 Articles
29 Articles
More leeway regarding CO2 emissions and a later start to emissions trading for transport and buildings: EU environment ministers have agreed on a new climate target for 2040, which is characterized by concessions.
Compromise after a marathon session: The EU agrees on greenhouse gas reduction targets. By 2040, emissions are expected to fall by 90 percent.
EU Environment Ministers agreed on a climate target by 2040, which was announced by Danish Minister Aagard, who led the negotiations in Brussels in the framework of the Danish Presidency of the Council.
After difficult negotiations, European environment ministers have reached an agreement on a climate target for 2040. The EU still aims for a 90 percent reduction in greenhouse gases compared to 1990 levels. However, concessions have also been made to countries that were less willing to move so quickly, such as Italy. These concessions are larger than initially anticipated.
At a meeting of climate ministers from European Union member states yesterday, an attempt was made to set a goal of reducing carbon emissions by 90 percent by 2040.
The object of the negotiations between governments in view of the next confrontation with Parliament was the proposal of the European Commission
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