EU Considers Watered Down Climate Law
European leaders are pushing for more industry flexibilities to reach a deal on the bloc's 2040 goal for cutting planet-warming emissions.
The EU is considering allowing its heavy industry to pollute for longer under a new draft proposal aimed at breaking the deadlock on the 2040 emissions target.
- The proposed target is a 90 percent emissions cut by 2040 compared to 1990 levels.
- The EU plans to assess progress toward achieving the new 2040 climate goal every two years.
The intention is to win support from the majority of countries to back the target.
The proposal comes under pressure to strike a deal before the COP30 climate summit starting Nov. 10 in Brazil.
Author's summary: EU considers easing climate goals.