The European Commission has proposed a significant reduction in greenhouse gas emissions, aiming for a 90 per cent cut by 2040.
This ambitious target is a crucial step towards the European Union’s goal of achieving carbon neutrality by 2050.
EU countries can count carbon credits purchased to finance projects outside Europe for up to 3% of their emission cuts from 2036
To make the proposal more palatable to skeptical EU member states and facilitate its approval
The proposal is designed to address concerns from EU states and encourage their support for the plans.
By allowing countries to utilize carbon credits from international projects, the European Commission aims to strike a balance between environmental goals and economic feasibility.
