EU Council agrees on 90% reduction target for 2040 – with up to 5% offset by carbon credits
The target could be reviewed every two years.
The European Council today agreed on its position for the EU’s 2040 climate target: a binding 90% reduction in emissions, with flexibility to use international carbon credits for up to 5% of this goal.
Ministers introduced greater flexibility than was originally proposed by the European Commission: in July, the Commission proposed the same level of greenhouse gas reduction, but with up to 3% of emissions to be offset through international carbon credits.
