EU strikes deal on climate target to cut emissions by 90% by 2040

December 10, 2025 3:31 PM

EU strikes deal on climate target to cut emissions by 90% by 2040

The European Union agreed on Wednesday to set a legally binding climate target to reduce greenhouse gas emissions by 90% from 1990 levels by 2040, and buy foreign carbon credits to cover 5% of the emissions cuts, goals that fell short of its original plan. Negotiators from EU countries and the European Parliament reached the deal in the early hours of Wednesday, they confirmed in separate statements. In practice, the target will require an 85% emissions reduction from European industries, and ...

EU plans to add carbon credits to new climate goal, document shows

June 29, 2025 9:28 AM

EU plans to add carbon credits to new climate goal, document shows

The European Commission is set to propose counting carbon credits bought from other countries towards the European Union's 2040 climate target, a Commission document seen by Reuters showed. The Commission is due to propose a legally binding EU climate target for 2040 on July 2. The EU executive had initially planned a 90% net emissions cut, against 1990 levels, but in recent months has sought to make this goal more flexible, in response to pushback from governments including Italy, Poland and ...