EU proposes 2040 climate target with carbon credit allowance

EU targets 90% cut in emissions by 2040 as green groups cry foul

Anger as long-awaited announcement of cuts against 1990 pollution levels allows for foreign carbon creditsThe EU should slash its planet-heating pollution by 90% by 2040, the European Commission has announced, in a proposed change to its climate law that falls short of what its scientists have advised.The much-awaited target to cut emissions, which is measured against pollution levels from 1990, is a significant milestone on the EU’s path to dec…

EU proposes 2040 climate target with carbon credit allowance

The European Commission proposed setting 2040 as the target for a 90% reduction of greenhouse gas emissions. The EU wants to be carbon neutral by 2050.