The European Union plans to cut greenhouse gas emissions by 90% by 2040 and, for the first time, allow limited use of foreign carbon credits to meet the target.
For the first time, up to 3% of this target could be met using carbon credits from developing countries, starting in 2036.
This shift comes amid pressure from countries such as Germany, France, and Italy, seeking flexibility for domestic industries facing economic strain.
The credits, intended for projects such as forest restoration, would be subject to strict standards, but critics argue they may divert funds from local climate efforts.
The proposal also lets countries choose which sectors contribute most to their emissions cuts.
While aimed at reinforcing the EU’s 2050 net-zero goal, the plan still needs approval from member states and lawmakers.
The EU must submit a revised 2035 climate target to the United Nations by mid-September.
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Speaking at a joint press conference in Brussels with Ukrainian President Volodymyr Zelenskyy, von der Leyen outlined Europe’s position ahead of Monday’s summit at The White House, where EU leaders will join U.S. President Donald Trump and Zelenskyy to discuss the path to a possible peace agreement.
Top European leaders will travel to Washington on Monday to join U.S. President Donald Trump and Ukraine’s Volodymyr Zelenskyy in critical talks aimed at ending the war with Russia.
Spain is calling on European partners for assistance as wildfires rage across the country during one of its longest and hottest heatwaves on record.
European Union member states said on Tuesday that Ukrainians must have the right to decide their own future, speaking ahead of Friday’s planned talks between U.S. President Donald Trump and Russian President Vladimir Putin.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Media accreditation is now open for COP30, the United Nations Climate Change Conference, set to take place in Belém, Brazil in 2025.
The hurricane was located about 170 km north of Anguilla, with maximum sustained winds near 255 km/h, according to the National Hurricane Center (NHC).
Talks at the United Nations in Geneva to establish a global legally binding treaty on plastic pollution went into overtime on Thursday, with discussions adjourned to Friday.
SOCAR Türkiye, a subsidiary of the State Oil Company of the Azerbaijani Republic, has announced about a cooperation with Turkish Airlines in the field of sustainable aviation fuel. The move is aimed at complying with Türkiye's goal of reducing aviation emissions by 5% by 2030.
Spain is calling on European partners for assistance as wildfires rage across the country during one of its longest and hottest heatwaves on record.
Juneau, Alaska, is on high alert as floodwaters from the Mendenhall Glacier threaten to reach record levels, forcing residents in vulnerable areas to evacuate immediately.
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