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 ⛽ Gevo Sells $70M in 45Z Credits to a New Kind of Buyer 🌱 South Pole, Gaïago, and Gold Standard Issue European Soil Carbon Credits, Unlocking Verified Regenerative Agriculture Re...
Inside This Issue ✅ Verra's CCS Credits Just Got the Integrity Seal Buyers Want 💰 South Korea Unveils $747 Billion Energy Transition Plan Through 2035 💧 Hydrogen and Carbon Capture and Storage in ...
Inside This Issue 🌲 ARC Bio Tests a Refinery Shortcut to Forest-Based SAF 💧 Scientists Just Found a New Way to Make Hydrogen from Water 🤝 How Channel Partnerships Are Helping More Organizations Ta...
Mineral Europa: A Game Changer for Shipping
Antwerp, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Antwerp, 9 October 2026 – CMB.TECH NV (“CMB.TECH” or the “Company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) today announces th...
Download PDF (170.95 KB) Eni CCUS Holding, owned jointly by Eni and Global Infrastructure Partners ("GIP"), part of BlackRock, announces that Liverpool Bay CCS has completed the installation of th...
First-of-its-kind project in France and Belgium marks a major breakthrough for carbon credit buyers seeking high-integrity, high-impact regenerative agriculture removals in Europe; providing buyer...
Gevo and ClimeFi Complete Carbon Removal Transaction, Advancing Gevo's Growing Carbon Business
Transaction supports Gevo's path toward a carbon business exceeding $30 million in annual revenue from existing operations ENGLEWOOD, Colo., Oct. 08, 2026 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: G...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.