Published by Teresa on February 14, 2025
The new target will be part of an amendment to the European Climate Law, which provides a framework to achieve the bloc’s carbon neutrality by 2050 target.
—
The European Union’s executive is expected to propose a law to set a new interim emissions-reduction target at 90% by 2040, a move that places the bloc a step closer to its decarbonization goal.
The new target will be included in an amendment to the European Climate Law, which provides a framework to achieve the bloc’s legally binding target of reaching carbon neutrality by mid-century. The bloc has already pledged to cut net emissions by 55% by 2030 compared with 1990 levels.
The plan is part of the European Commission’s Work Programme for 2025, which focuses on competitiveness, defense and simplifications of administrative procedures and implementation of EU rules.
>> In Other News: Innovators Gear Up Work on ‘Green’ Hydrogen Plane With Plans for Nonstop 9-day Trip Around Earth
For the Greens, this simplification may be used as “an excuse to strip away elements of the Green Deal and social progress.”
“Simplification as a tool to make companies’ and peoples’ lives easier can be beneficial but not as a byword for stripping away the Green Deal and social progress,” said Terry Reintke, President of the Greens/European Free Alliance Group.
The group also criticized the absence of any clear measures aimed at protecting nature, decarbonizing the transportation sector, and reducing emissions. The Commission on Wednesday pledged to put forward a “strategic framework” for the production and distribution of sustainable transport fuels.
182 countries missed a Monday deadline to submit new national climate plans to the UN, including major polluters like China, India, and the EU.
Under the Paris Agreement, each country must submit its own emissions reduction plan, known as Nationally Determined Contributions (NDCs), every five years. Only three of the world’s 10 largest economies – Brazil, the UK, and the US – submitted their updated NDCs in time, though Canada has since submitted a plan.
None of the national plans submitted so far is compatible with the 1.5C goal, according to Climate Action Tracker.
The US submitted its NDC 3.0 in December, prior to President Trump’s inauguration. Trump has since exited the Paris Agreement, raising fears of setbacks.
Virtually every country adopted a global warming target by signing the Paris Agreement, aiming to limit global warming to below 1.5C. However, current pledges put the world on track for a 2.6-3.1C temperature increase this century.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏛️ EPA Sends Final Rule to Repeal Power Plant Greenhouse Gas Standards to White House for Review 🌬️ NTT DATA Partners with Climeworks for Carbon Removal 🏭 Honeywell Gives a Shutt...
Inside This Issue ✈️ Pittsburgh Airport Is Building America's First On-Site SAF Plant 📝 Wren's 2026 Request for Proposals 🍁 Canada Expands CCUS Investment Tax Cr to Include Enhanced Oil Recovery 🏭...
Inside This Issue 🍁 Carney To Visit Calgary On Friday To Announce Industrial Carbon Pricing Deal, Sources Say 🚆 Frontier Advances CO₂-By-Rail System With Key Carbon Market Milestones ⛽ US House Pa...
Louisiana Lawmakers Reject Parish-Level Carbon Capture Bans
A factory worker in a hard hat and safety vest directs the positioning of large industrial machinery inside a manufacturing facility. Louisiana lawmakers on Tuesday blocked a series of bills that ...
BioCirc Signs 7-Year Agreement With Microsoft to Deliver 650,000 Tons of Carbon Removal Units
COPENHAGEN, DENMARK, May 20, 2026 /EINPresswire.com -- BioCirc has signed an agreement with Microsoft for the delivery of 650,000 high-durability carbon removal units (“CRUs”) over 7 years from Bio...
GenEco™ PEM electrolyzers to power industrial hydrogen production facility in Barrow-in-Furness, Cumbria SLINGERLANDS, N.Y., May 20, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a glob...
LSB Industries Reaches Agreement Establishing a Pathway to 100% Ownership of El Dorado CCS Project
Strategic Structure Provides Pathway To Full Ownership While Preserving Near-Term Capital Flexibility OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (NYSE: LXU) (“LSB” or “the Company”), tod...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.