EU calls for 90 percent emissions cut by 2040
- The European Commission is set to recommend a 90% reduction in the EU's net greenhouse gas emissions by 2040, signaling the continuation of Europe's fight against climate change ahead of EU elections.
- The Commission recognizes the need for "fairness," "solidarity," and "competitiveness," but insists on implementing commitments under the 2030 target to achieve the 90% cut by 2040.
- The 2040 target will help industry, investors, citizens, and governments make long-term decisions in line with the EU's climate neutrality objective, reducing the risks of stranded assets.
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