The European Commission is set to propose a legally binding goal to cut net greenhouse gas emissions by 90% by 2040 from 1990 levels. For the first time, countries may partially use international carbon credits to meet this target. The proposal aims to align the EU with its 2050 net-zero emissions goal, while easing domestic industrial burdens.
BulletsIn
- EU to cut net emissions by 90% by 2040 from 1990 levels
- First time foreign CO₂ credits allowed to meet part of target
- Up to 3% of cuts may come from credits under U.N.-backed market
- Credits phased in from 2036; rules on quality and origin planned
- Domestic industries get flexibility on sector-wise emission reductions
- Germany, France, Italy pushed for relaxed rules amid energy, trade pressure
- Past targets based only on EU-internal reductions
- EU aims net-zero by 2050; 2040 target key interim step
- Climate advisers warn foreign credits may divert local investment
- New 2035 climate target due to U.N. by mid-September




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