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.
French President Emmanuel Macron has warned that the U.S. is “gradually turning away” from some of its allies and “breaking free from internatio...
Iran is now facing a near‑total internet blackout as anti-government protests sweep the country. Major cities including Tehran have seen connectivit...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of January, covering the latest developments you need to k...
Overhauling Armenia's economic structure and strengthening state institutions is a main focus as the Armenian government adopts a 42-page Doctrine of ...
The Israel Defence Forces (IDF) and Shin Bet say they carried out targeted strikes on Hamas operatives and infrastructure in the Gaza Strip on Thursda...
A series of statements by Georgian Parliament Speaker Shalva Papuashvili has reignited debate over freedom of speech, the role of the Orthodox Church, and the influence of the European Union.
Hungary’s foreign minister on Wednesday criticised European plans to establish military hubs in Ukraine, saying the move risks pushing Europe closer to a direct confrontation with Russia.
The European Commission has proposed cutting fertiliser import duties in an effort to secure support for a long-delayed free trade deal with the South American bloc Mercosur.
Ukrainian President Volodymyr Zelenskyy sought to advance EU membership discussions and secure stricter sanctions on Russia during a meeting on Wednesday as Cyprus took over the European Union's rotating presidency.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
"Change is coming to Iran" according to U.S. Senator Lindsey Graham during an interview with Fox News on Tuesday (6 January). He warned Iran that "if you keep killing your people for wanting a better life, Donald Trump is going to kill you."
The 240-megawatt Khizi-Absheron Wind Power Plant has been inaugurated in Azerbaijan on Thursday (8 Jan) by President Illham Aliyev, who described the launch as a landmark moment for Azerbaijan's energy sector. It's the first large-scale, independently developed wind energry project in the country.
A mountain gorilla has given birth to twins in war‑torn eastern Democratic Republic of Congo (DRC), a national park said on Wednesday, calling the event “a major event” for the endangered subspecies.
Experts say COP30 failed to deliver concrete commitments on fossil fuels and deforestation despite high expectations.
Snow and ice caused travel chaos in northwest Europe on Wednesday, while others were delighted by the snow-covered streets of Paris, venturing out on sledges and skis.
Emergency services across southeastern Australia have been placed on high alert as a blistering air mass pushes temperatures to dangerous extremes, reviving painful memories of the nation's catastrophic fire seasons of the past decade.
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