EU Includes CO2 Credits in Climate Goal for First Time

The European Commission on Wednesday proposed an EU climate target for 2040 that, for the first time, will allow countries to use carbon credits from developing nations to meet a limited share of their emissions goal.

- REUTERS

The European Union executive proposed a legally-binding target to cut net greenhouse gas emissions by 90 per cent by 2040, from 1990 levels—aiming to keep the EU on course for its core climate aim to reach net zero emiss