US EditionFrance Sets Framework for EU's 2040 Climate Targets
- More than 70 global leaders will gather in Seville for a UN summit to adopt the "Seville Commitment," addressing the global financial system and development funding gaps.
- The Organisation for Economic Co-operation and Development reported a 7.1% drop in aid spending, with deeper cuts anticipated, highlighting a significant financial gap.
- French President Emmanuel Macron urged the EU to take more time before committing to ambitious climate goals, emphasizing the need for balance between climate targets and European competitiveness.
- The European Commission plans to propose a 2040 climate target that involves a 90% reduction in greenhouse gas emissions compared to 1990 levels, with flexibility provisions for nations concerned about economic impacts.
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In order to keep the large emerging economies on board, Europe must advance in climate protection, says the Federal Environment Minister. He also blames the Bavarian state government for the high electricity prices in this country.
·Munich, Germany
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UN aid summit, 2040 target, Moldova and Danish presidency in focus This WEEK
This week, over 70 leaders will attend the UN summit in Spain to adopt the "Seville Commitment" targeting global financial reform and development funding. Also on the agenda, the EU-Moldova summit, ECB forum, and the controversial 2040 climate targets.
·Brussel, Belgium
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The EU Commission wants to set a new climate target for 2040, an intermediate step on the path to climate neutrality. 90 percent reduction in emissions in 25 years – but the target has been watered down.
Coverage Details
Total News Sources12
Leaning Left4Leaning Right0Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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