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Europe's Climate Resolve Faces Big Test as EU Unveils 2040 Goal

Summary by Financial Post
(Bloomberg) — The heat wave searing Europe is making a compelling case for one of the most ambitious climate targets ever set by Brussels. Many in the European Union, however, have yet to be convinced.

8 Articles

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Center
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Lean Right

Between climate emergency and economic realism, the European Commission is trying to correct the Green Deal's mistakes with its new 2040 target.

·Paris, France
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In the long term, the EU strives for climate neutrality. On the way there, it wants to anchor a milestone goal legally. Therefore, in some Member States, nervousness prevails.

·Zürich, Switzerland
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Center

By 2050, Europe should be climate neutral. Today, the EU Commission is presenting a new intermediate goal on the way there. However, the law is fiercely controversial among Member States and in the EU Parliament. By Jakob Mayr.

·Hamburg, Germany
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Center

On the streets and hills of Europe, all the alarms of extreme heat are sounding. But in the air-conditioned Berlaymont, the EU's top policymakers are wondering whether now is the right time to impose new climate targets. On Wednesday, at...

·Romania
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An officer of the National Forestry Office inspects a young shoot on a plot under reforestation in Méry-sur-Oise (Val-d的Oise), on 29 April 2025. IAN LANGSDON/AFP While the Old Continent suffocates under heat, the European Commission presented on Wednesday 2 July its objective of reducing CO2 emissions by 2040: by that time they will have to have fallen by 90% (compared to 1990). In recent months, its president, Ursula von der Leyen, had committe…

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Financial Post broke the news in Canada on Wednesday, July 2, 2025.
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