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Climate targets: European Commission proposes 90% reduction of emissions by 2040

On 2 July, the European Commission published its proposal for the EU Climate Target 2040. The proposal aims to amend the European Climate Law to include the 2040 target to reduce greenhouse-gas (GHG) emissions by 90%, compared to 1990 levels.

In addition to the 2040 target, the European Commission proposed a flexibility mechanism that allows up to 3% of GHG emissions reductions to be achieved in third countries. Starting in 2036, this mechanism would allow counting these international reductions alongside an 87% reduction in domestic emissions, in order to meet the full 90% reduction target by 2040.

The proposal for a regulation has been submitted to the co-legislators for discussion and adoption under the ordinary legislative procedure.

More information at this link.

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