The European Union reached a landmark agreement late Tuesday to establish a legally binding climate-protection target requiring a 90% reduction in greenhouse-gas emissions by 2040, compared to 1990 levels, the European Parliament announced.
Under the deal, 85% of the cuts must come from direct emission reductions across EU industries, while the remaining 5% will be achieved through carbon-offset credits, purchased from third countries that reduce emissions on behalf of the EU. Lawmakers hope that the offset-based portion will be fully in place by 2036.
The agreement still requires formal approval from both the European Parliament and the governments of the EU’s 27 member states, though such steps are typically considered procedural once an inter-institutional deal has been reached.
The target is one of the most ambitious climate commitments ever adopted by the bloc and is expected to shape European energy, industry, and environmental policy for the next two decades.
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