Following a vote by Parliament, the EU will have to reduce greenhouse gas emissions by 90% in 2040 compared with 1990 levels, to achieve a climate neutral EU by 2050.

On Tuesday MEPs backed a political agreement with Council on amendments to the EU Climate Law by 413 votes to 226 and 12 abstentions, to include a new, intermediate and binding 2040 EU climate target of reducing net greenhouse gas (GHG) emissions by 90% compared to 1990 levels.

Flexibility for member states

The revised climate law introduces flexibilities in how the 2040-target can be met. From 2036, up to five percentage points of net emissions reductions (two percentage points more than proposed by the Commission) can come from high-quality international carbon credits from partner countries. MEPs included safeguards to prevent the funding of projects contrary to the strategic interests of the EU.

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