US EditionEU tentatively agrees weakened climate target in final-hour deal for COP30
- On Wednesday, European Union climate ministers in Brussels approved a compromise after marathon talks, committing the bloc to cut emissions by 90 percent by 2040 versus 1990 levels.
- Negotiators raced to secure majority backing after intensive talks over several weeks and the EU Environment Council met in Brussels on Tuesday to seek a common 2040 position.
- The deal allows countries to buy foreign carbon credits covering up to 5pc of the 90pc target, weakening European industries' cuts to 85pc and delaying the EU carbon market launch.
- Several governments including Poland, Italy, the Czech Republic and Hungary opposed the interim targets, but their opposition did not block the agreement requiring support from at least 15 of 27 member states.
- With the agreement in hand the EU will take the package to COP30 where European Commission president Ursula von der Leyen will meet leaders on November 6, while climate conference negotiations run from 10 to 21 November.
135 Articles
135 Articles
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The US led the world to reach a huge climate deal. Then, it switched sides.
It’s been a decade since the U.S. and Europe pushed the world to embrace a historic agreement to stop the planet’s runaway warming. The deal among nearly 200 nations offered a potential “turning point for the world,” then-U.S. President Barack Obama said. Eventually, almost every country on Earth signed the 2015 Paris Agreement, a pact whose success would rest on peer pressure, rising ambition and the economics of a clean energy revolution. But …
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