EU waters down climate target in last-ditch deal before COP30 in Brazil
Summary
European Union climate ministers agreed on a less strict deal for reducing emissions by 2040 before the upcoming COP30 summit in Brazil. The deal allows EU countries to use foreign carbon credits to meet a part of their emissions reduction targets and will reassess the 2040 goal every two years.Key Facts
- EU ministers agreed on a revised plan to cut greenhouse gas emissions by 90% by 2040.
- The plan lets EU countries use foreign carbon credits for up to 10% of their emission reduction target.
- The decision followed lengthy discussions to gain support from member states.
- The EU's 2040 emission reduction goal will be reviewed every two years.
- A new EU carbon market launch was delayed from 2027 to 2028.
- Poland, Slovakia, and Hungary opposed the target but could not block the deal.
- The UN requested all governments submit 2035 climate plans ahead of the COP30 summit in Brazil.
- Environmental groups criticized the deal, saying it weakened the EU's climate efforts.
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