EU proposes 90% emissions cut by 2040 with flexibilities
Previous EU climate targets have been based solely on domestic emissions reductions
Poland opposes the proposal, government says
Europe is the world’s fastest-warming continent

BRUSSELS, July 2 (Reuters) – The European Commission on Wednesday proposed 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.

The European Union executive proposed a legally-binding target to cut net greenhouse gas emissions by 90% by 2040, from 1990 levels – aiming to keep the EU on course for its core climate aim to reach net zero emissions by 2050.
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But following pushback from governments including France, Germany, Italy, Poland and the Czech Republic, the Commission also proposed flexibilities that would soften the 90% emissions target for European industries.

The EU has among the world’s most ambitious climate targets. So far, its emissions targets have been based entirely on domestic emissions cuts.

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