The EU has agreed to cut greenhouse gas emissions by 90 percent by 2040 compared to 1990 levels. The compromise delays a controversial measure by one year and accounts for economic pressures. The deal now requires formal approval.
Negotiators from EU member states and the European Parliament reached an agreement in Brussels to reduce greenhouse gas emissions by 90 percent by 2040 compared to 1990. This builds on existing targets: a 55 percent cut by 2030 and climate neutrality by 2050. The European Environment Agency reports the EU is on track for the 2030 goal.
The European Commission's July proposal was softened amid concerns over economic and geopolitical strains raised by some countries. EU Climate Commissioner Wopke Hoekstra described the deal as pragmatic and ambitious: "It delivers pace, predictability and flexibility. Above all, it shows that climate, competitiveness and independence go hand in hand."
From 2036, up to five percentage points can come from climate certificates in third countries, with details pending. Critics worry about double counting or incentives for lower targets in developing nations.
The inclusion of fuels like petrol and natural gas in emissions trading is delayed to 2028 to prevent price surges in heating and fueling. The Commission will review progress every two years for compatibility with competitiveness and science; adjustments are possible if carbon sinks underperform.
Green MEP Lena Schilling called it a "hard-fought milestone" but urged a policy shift: "With the current hollowing out of climate laws, we won't achieve it." Linda Kalcher of Strategic Perspectives highlighted its consensual nature and benefits for investor clarity.