EU Sets New Climate Goals: What It Means for Airlines, Hotels, and Cruises

EU Sets New Climate Goals: What it Means for Airlines, Hotels, and Cruises

The European Union has passed a new climate law requiring a 90% cut in greenhouse gas emissions by 2040 compared to 1990 levels. This raises the pressure EU climate rules now include a 90% emissions cut by 2040, new building and aviation mandates, and a softened car ban—travel companies must adapt fast.

EU Carbon Prices Hit 2025 Highs as 2040 Climate Target Tightens the Market

European carbon prices have risen notably in late 2025, reaching €83.79 per tonne on December 15, up 3% monthly and 30% year-over-year. The price of carbon permits in the EU’s main emissions trading system (EU ETS) recently hit multi-month highs. Companies are getting ready for compliance deadlines, and markets are responding to stricter policy signals. EU carbon price benchmarks have been testing higher levels, reflecting increased market deman…

EU Adopts Legally Binding Emissions Cuts of 90% by 2040, Carbon Credits Can Supply 5%

The European Union has struck a deal for a legally binding climate target to cut emissions by 90% from 1990 levels by 2040, while allowing for 5% of emissions cuts to be met with international carbon credits.