EU approved a target to reduce emissions by 90% by 2040
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Jiří Staník
EU member states have definitively approved an amendment to the Climate Law — a target to reduce greenhouse gas emissions by 90% by 2040 compared to 1990. To achieve the target, international carbon credits can be used up to 5% of the total reduction.
At the same time, the expansion of the emissions trading system (ETS2) to transport and building heating is postponed by one year — now until 2028. After approval by the European Parliament in February, this is the final step towards the law’s full enactment.
EU
climate law
emissions
ETS2
carbon credits
2040
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