The European Commission has proposed a significant reduction of net greenhouse gas emissions by 90% by 2040 compared to 1990 levels, aligning with the goal of achieving net-zero emissions by 2050. This new, binding target follows previous commitments, with the EU's current goal to cut emissions by at least 55% by 2030 and a recent report indicating a 37% reduction achieved. While the proposal seeks to bolster investment and energy security, it faces opposition over a controversial flexibility clause allowing carbon credits from international projects, viewed by critics as detrimental to local investment efforts.
The European Commission has proposed that the bloc reduce its net greenhouse gas emissions by 90% by 2040 compared to 1990 levels, aiming for net-zero emissions by 2050.
Under the proposal, EU member states could purchase international carbon credits from 2036 onward, allowing them to offset 3% of emissions from the 1990 benchmark.
Activists argue that the flexibility clause for carbon credits could lead to reduced investments in domestic green projects, undermining the aims of the emissions reduction target.
Mathieu Mal from the European Environment Bureau criticized the 3% flexibility clause, calling it a 'bad idea' that could jeopardize meaningful climate progress.
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