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6h ago

EU Sets 90% Emissions-Cut Goal for 2040 in Last-Minute COP30 Deal

The compromise trades stricter domestic cuts for flexibility tools that will frame the EU’s pledge at COP30.

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Overview

  • Environment ministers endorsed a 90% reduction target for 2040 from 1990 levels and set a 2035 range of roughly 66.25% to 72.5%.
  • Countries may use international carbon credits capped at 5% with the option to add another 5% in a future review, a flexibility some reports describe as up to 10% in total.
  • The agreement was not unanimous, with Slovakia, Hungary and Poland opposing and Belgium and Bulgaria abstaining.
  • Concessions include delaying the extension of the EU carbon market to road transport and building heating to 2028 and adding biennial review clauses.
  • The package will serve as the basis for the bloc’s updated NDC at COP30 in Belém and now proceeds into formal EU legislative negotiations.