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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The European Commission on Thursday proposed four European flagship defence projects - including a counter-drone system and a plan to fortify the eastern border - as part of a drive to get the continent ready to defend itself by 2030.
A planned meeting between Georgian Prime Minister Irakli Kobakhidze and the OSCE Chairperson-in-Office, Finnish Foreign Minister Elina Valtonen, was abruptly cancelled this week.
The European Union plans to make its “drone wall” fully operational by 2027 under a new Defence Readiness Roadmap, which outlines ambitious military capability goals but offers little on how they will be financed.
The European Court of Human Rights has ordered Russia to pay €253 million in damages to Georgian citizens, a diplomatic victory that contrasts Tbilisi’s recent tensions within the Council of Europe.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
A team of Argentine paleontologists has uncovered one of the oldest known dinosaurs, a nearly complete skeleton of a long-necked herbivore that roamed Earth 230 million years ago in what is now La Rioja province.
An earthquake of magnitude 6.7 struck Papua province in Indonesia on Thursday, the United States Geological Survey (USGS) said.
Five days after historic floods that have killed at least 66 people and damaged 100,000 homes, Mexico is still struggling to provide aid to the worst-affected communities and locate 75 missing individuals, amid growing criticism of the government’s response to the crisis.
Indonesia's Mount Lewotobi Laki-laki erupted on Wednesday, shooting volcanic ash 10 km (6.2 miles) into the sky, the country's volcanology agency said, forcing authorities to raise the alert system to its highest level.
Britain must urgently prepare for global warming of at least 2 degrees Celsius above pre-industrial levels by 2050, its climate advisers said on Wednesday (15 October), warning the country is ill-prepared for extreme weather that is already occurring.
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