EU considers non-EU carbon credits in push for 90% emissions cut by 2040
July 02, 2025 | Reccessary |
The European Commission plans to propose a 90% greenhouse gas reduction target by 2040, allowing from 2036 limited use (3%) of international carbon credits to address residual emissions. While aimed at engaging developing countries through projects like afforestation, the move contradicts the EU’s existing 2030 and 2050 goals, which rely solely on domestic action. Critics warn it could weaken climate integrity and reduce local ambition, stressing the need for high-quality, verified credits, with potential costs reaching €46 billion. The draft faces debate in the European Parliament and among member states, with key unresolved issues including offset limits, funding sources, and whether procurement will be handled nationally or by the Commission.
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July 02, 2025 | Reccessary | Â The European Commission plans to propose a 90% greenhouse gas reduction target by 2040, allowing from 2036 limited use (3%) of international carbon credits to address res
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