By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: European Parliament’s environment group backs deal on CO2 emission cut by 2040
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > World News > European Parliament’s environment group backs deal on CO2 emission cut by 2040
World News

European Parliament’s environment group backs deal on CO2 emission cut by 2040

By Viral Trending Content 4 Min Read
Share
SHARE

European lawmakers in the European Parliament’s environment committee backed the revision of the bloc’s climate law on Monday which sets the EU27 to cut 90% greenhouse gas emissions by 2040.

Parliament’s position aligns with the text agreed by EU member states on 5 November, following lengthy political talks that secured policy flexibilities to help EU nations reach the 90% reduction target without jeopardising the competitiveness of their industries.

The ballot, with 55 votes in favour and 32 against, paves the way for the full house to adopt the revision of the controversial 2040 climate law, after several delays and infighting inside the chamber.

Key points remain, such as the target of the 90% reduction by 2040, compared to 1990 levels and the possibility of using up to 5% of carbon credits to offset underperforming sectors.

Another 5% will be considered under a review clause should EU countries need to compensate for the lack of natural carbon removers, such as reforestation outside the bloc.

Spanish lawmaker Javi Lopez (S&D), leading the file in the Parliament, hailed the vote as a “clear signal” reaffirming the bloc’s commitment to climate leadership.

“The S&Ds have worked tirelessly to ensure that the 2040 goal reflects both ambition and social fairness — we want to protect our planet while ensuring no one is left behind. Our focus now must be on delivering the tools, funding, and industrial strategy needed to make this transition a success,” said Lopez.

Overall, only “minor changes” have been agreed upon, according to lawmaker Gerben-Jan Gerbrandy (the Netherlands/Renew Europe), who was also part of the negotiations.

International carbon credits

The most significant is a stronger wording on the international credits, which have to be “high-quality” and “high-integrity,” a reference that featured in the European Commission’s proposal but was later deleted by the European Council.

The Parliament also wants the purchase and use of such credits to be regulated to ensure they effectively result in emission reductions in non-EU countries.

Agreements related to the use of carbon credits must be subject to “robust safeguards ensuring integrity, avoidance of double counting, transparent governance, strong monitoring, reporting and verification methodologies,” the adopted text reads.

Lawmakers also urged the Commission to consider stricter criteria than those set out in the Paris Agreement, according to the Parliament.

Tiemo Wölken (Germany/S&D) recognised that the outcome was not as ambitious as the Socialists intended, but said the forged deal was “better than no deal.”

“The Parliament has shown responsibility and unity in the face of climate scepticism and populism. We will continue to push for stronger measures, more investment in green jobs, and a fair deal for workers and communities most affected by the transition,” Wölken said.

Austrian lawmaker Lena Schilling (Greens/EFA) regrets the decision to use international credits, describing it as a “loophole” that “weakens our climate ambition.”

“Since member states demanded their [international credits] use, we must at least ensure that they deliver real, verifiable climate impact; otherwise, they risk undermining our climate goals and costing taxpayers billions without reducing emissions,” said Schilling.

The deal was negotiated by the European People’s Party (EPP), Socialists and Democrats and Renew Europe, which form the centrist majority supporting the Commission, plus the Greens/EFA group.

Together these political groups represent a large majority of the Parliament, which paved the way for the law’s approval in the Parliament’s environment committee on Monday and sets the course for full adoption in Thursday’s plenary in Strasbourg.

You Might Also Like

European Parliament to take Commission to court over technology patents

US and Russia to hold Ukraine talks in Abu Dhabi after overnight strikes

Pauline Hanson suspended from Australian Senate for wearing burqa in protest stunt

Northern Ireland town set to rename street honouring former Prince Andrew

‘Digital violence is real violence’, UN Women Europe director tells Euronews

TAGGED: Europe
Share This Article
Facebook Twitter Copy Link
Previous Article John Elway forecloses on Frank Schultz’s former Tavern Uptown building
Next Article Decred price prediction as profit taking pulls down the altcoin 17%
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Pixel 10 AirDrop Support Coming to Other Android Phones
Tech News
Nvidia shares slip as AI accelerator race shifts interest to Google chips
Business
Pendle price forecast: why PENDLE could soon reclaim $6 level
Crypto
European Parliament to take Commission to court over technology patents
World News
Boeing gaining ground in ‘war against defects’ at 737 jet plant
Business
The Duskbloods Has Been in Development Since Before Sekiro: Shadows Die Twice Came Out – Rumour
Gaming News
11 Best Down Comforters (2025), Tested in Our Homes in Every Season
Tech News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Pixel 10 AirDrop Support Coming to Other Android Phones

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Pixel 10 AirDrop Support Coming to Other Android Phones
November 25, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?