EU Set to Acquire Carbon Credits in Pursuit of Climate Goals – Report
The European Commission is preparing to propose an innovative approach to achieving the European Union's climate goals for 2040. According to a document reviewed by Reuters, the Commission plans to allow carbon credits purchased from other countries to contribute toward these ambitious targets.
On July 2, the Commission will unveil a legally binding climate target for 2040, marking a significant step in reducing net emissions across the bloc.
Initially, the EU aimed for a 90% reduction in net emissions compared to 1990…