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 ...