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EU 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.
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EU ministers break deadlock on CO2 emission reduction by 2040
After months of political impasse, the revision of the EU's climate law was backed with significant flexibilities for member states to hit the 90% emissions reduction by 2040. Now the European Parliament needs to have a say on the bloc's climate target.
·France
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Just before the kick-off of the COP in Brazil, the European Union pulled out on Wednesday a compromise on its climate goals in 2035 and 2040, at the price of a series of concessions to rally reluctant states, Italy in the lead.
·Montreal, Canada
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After a night of negotiations, the 27 adopted on Wednesday morning a target of reduction of 90% of CO2 emissions by 2040. But the flexibilities granted reduce the real effort to 85%.
·Paris, France
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Total News Sources107
Leaning Left17Leaning Right21Center20Last UpdatedBias Distribution36% Right
Bias Distribution
- 36% of the sources lean Right
36% Right
L 29%
C 35%
R 36%
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