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The EU has reached a 2040 emissions reduction target: a 90% decrease compared to 1990 levels.

Global Market Monitor ·  Nov 5 10:46

The EU member states have approved an agreement committing to cut greenhouse gas emissions by 90% from 1990 levels by the next decade, reinforcing the EU's leadership in climate governance ahead of the COP30 summit.

According to sources familiar with the matter, the agreement was finalized after lengthy negotiations that began on Tuesday. The sources, who wished to remain anonymous as details have not been made public, disclosed this information.

Dozens of world leaders will gather in Belém, a city in Brazil's Amazon region, on Thursday for two days of climate talks. Formal negotiations will commence at the 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change, which is scheduled to take place in the city on November 10.

The translation is provided by third-party software.


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