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EU to add international CO2 credits to next climate goal
- The European Commission unveiled a long-delayed proposal on Wednesday for a legally binding 90% emissions reduction by 2040, allowing up to 3% international carbon credits from 2036 amid political negotiations.
- Following months of tough negotiations, the EU's proposal was rooted in advice from the IPCC and European Scientific Advisory Board, with Germany and France supporting a 3% offset clause.
- EU proposes a 90% emissions cut by 2040, allowing up to 3% international credits from 2036, amid lengthy negotiations and expert debate.
- The proposal is now before the European Parliament and Council, with environment ministers discussing in mid-July and a vote expected by September 18, providing investor certainty.
- The EU aims to secure approval of its 2040 emissions target before COP30 in November, with a mid-September deadline for national plans, shaping its 2050 climate path.
177 Articles
177 Articles
Ecologists are not entirely positive about the proposal put forward by the European Commission yesterday to reduce polluting emissions by 2040, because in the view of the former, this proposal is insufficient and does not live up to the climate emergency. 'It is true that on paper we are talking about a 90% cut in net carbon emissions, but this does not comply with the scientific recommendations and opens the door to cheating to reduce emissions…
The Brussels plan: you can buy credits from non-EU countries that decarbonize. Reject the objections of critics, led by Macron. Since 2040 you will have to change boiler. The European Commission presented yesterday a new plan, yet again, this time to cut CO2 emissions of 90...
The European Commission's proposal on Wednesday 2 July to reduce its greenhouse gas emissions by 90% by 2040 compared to 1990, before aiming at carbon neutrality by 2050, is ambitious and is at the heart of European policy, and will then lead to numerous legislations to transform industry, transport and agriculture, but it has not been easy to find a compromise.
Amid severe heat wave, EU pitches flexible 2040 climate goal
The EU has unveiled its new climate target, a 90% reduction in emissions by 2040. But not all member states are on board, while a provision to outsource part of the climate efforts abroad has generated controversy.
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