EU Sets New 2040 Climate Target to Cut Emissions by 90 Per Cent

BRUSSELS, July 2 (Bernama-Anadolu) -- The European Commission has proposed a legally binding target to cut the European Union’s net greenhouse gas emissions by 90 per cent by 2040, compared to 1990 levels.

According to Anadolu Ajansi (AA), the move aligns with the EU’s goal of climate neutrality by 2050 and is designed to support investment certainty, clean energy innovation and energy security.

European Commission President Ursula von der Leyen said the 2040 target reflects a “pragmatic and realistic” path towards full decarbonisation.

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The target builds on the current 2030 goal of reducing emissions by at least 55 per cent. It includes limited use of international carbon credits post-2036, integration of carbon removals into the EU Emissions Trading System, and more sectoral flexibility.

A package under the Clean Industrial Deal was also unveiled, featuring tax incentives, a revised state aid framework and changes to the Carbon Border Adjustment Mechanism (CBAM) to attract green investments and limit carbon leakage.

Executive Vice-President Teresa Ribera and Climate Commissioner Wopke Hoekstra said the target balances climate urgency with economic resilience.

Ribera noted that 85 per cent of EU citizens view climate change as a top threat, urging full responsibility from policymakers. Hoekstra called the target a step forward for EU competitiveness, security and energy independence.

The proposal will now go to the European Parliament and Council for debate.

It will shape the EU’s post-2030 climate framework and guide its position ahead of COP30 in Brazil.

-- BERNAMA-ANADOLU