US EditionEuropean Union Agrees on New Emissions Targets Before Global Climate Summit in Brazil
The EU’s 2040 emissions target includes an optional 5% use of international carbon credits, potentially involving €50 billion in offsets during the 2030s, pending parliamentary approval.
- On November 5, 2025, EU climate ministers agreed to cut emissions by 90% from 1990 levels by 2040 with an optional 5% allowance to buy foreign carbon credits after an overnight marathon.
- Facing cost concerns, several member states insisted on compromises amid geopolitical tensions from Russia's war in Ukraine and strained United States relations, with Poland pushing 10% credit use and the Netherlands opposing more than 3%.
- Market analysts noted the EU may buy 710 million metric tonnes of CO2e offsets worth about 50 billion euros during the 2030s, with Japan planning to purchase 200 million metric tonnes by 2040 at $70 a ton.
- The immediate next step is a European Parliament vote and negotiations with the European Council, while Ursula von der Leyen, European Commission President, will present the deal at COP30 in Belém, Brazil, and the agreement allows postponing a new carbon trading plan, meeting Poland’s key demand.
- Against the backdrop of record 2025 emissions, analysts say the EU deal could boost carbon credit markets as many Global South sellers of credits position themselves for EU buyers.
22 Articles
22 Articles
The EU Environment Ministers have reached an agreement in Brussels which watered down the climate targets for 2030 and 2040. Companies are now allowed to "outsource" more CO2 targets by buying "international CO2 credits". This compromise only delays the sinking of our economy. The CO2 cult is becoming more and more absurd farce. A comment by Chris Veber On 5 November, the EU Environment Ministers presented the new climate targets in Brussels' ha…
The truth comes from pigeon feet – Friedrich Nietzsche already knew that. And apparently this also applies to the European ... The post CO2 certificate trade: BASF CEO warns against billions of costs due to EU climate policy appeared first on Apollo News.
The EU's Environment Ministers have agreed to stick to the basic objective of reducing C02 emissions by 90 percent by 2040 compared to 1990. However, countries can buy five percentage points by compensating abroad. Europe's press sees this as a softening of climate targets and comments on this in view of the next week's COP30 World Climate Change Conference in Belém, Brazil.
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