EU member states approved a 90% emissions reduction by 2040

EU member states definitively approved an amendment to the Climate Act — a goal to reduce greenhouse gas emissions by 90% by 2040 compared to 1990.

To achieve the goal, it will be possible to use international carbon credits up to 5% of the total reduction.

At the same time, the expansion of the emissions trading system (ETS2) to transport and building heating is postponed by one year — now until 2028.

After approval by the European Parliament in February, this is the final step towards the law's final validity.

Source: https://www.esgtoday.com/eu-states-give-final-approval-to-target-to-reduce-emissions-90-by-2040/