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EU to propose new 2040 climate target for emissions by end-March
Published by Global Banking & Finance Review®
Posted on February 12, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 12, 2025
1 min readLast updated: January 26, 2026
The EU plans to propose a new climate target by March, aiming for a 90% emissions reduction by 2040, aligning with its 2050 net-zero goal.
BRUSSELS (Reuters) - The European Commission will propose a new climate target this quarter, to slash Europe's emissions by 2040, it said on Wednesday.
A Commission work programme, published on Wednesday, confirmed the EU would amend its climate law this quarter - a long-planned move that would set a 2040 target to keep countries on track for its aim to have zero net emissions by 2050.
The Commission has said it intends to propose that EU countries jointly cut their net emissions 90% by 2040, from 1990 levels. The EU has pledged to cut net emissions 55% by 2030.
The 2040 climate target will also be used to set a 2035 goal, which all countries are required to submit to the U.N. this year, as a national contribution to the Paris climate accord.
(Reporting by Kate Abnett; Editing by Alison Williams)
The main topic is the EU's proposal for a new 2040 climate target to significantly reduce emissions.
The EU aims to cut emissions 90% by 2040 and achieve net-zero emissions by 2050.
The 2040 target will help set a 2035 goal, contributing to the Paris climate accord commitments.
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