EU to add international CO2 credits to next climate goal

July 2, 2025 10:16 AM

EU to add international CO2 credits to next climate goal

The European Commission will on Wednesday propose an EU climate target for 2040 that for the first time will allow countries to use carbon credits from developing nations to meet a limited share of their emissions goal, a draft of the proposal showed. The draft, seen by Reuters, said the European Union executive would propose a legally-binding target to cut net greenhouse gas emissions by 90% by 2040, from 1990 levels - with the aim of keeping the EU on course for its core climate aim to reach ...

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 ...