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.
Denmark announced on Sunday that it was banning civilian drone flights after sightings of drones near several military facilities overnight, following...
British Prime Minister Keir Starmer on Sunday called on his Labour Party to stop “navel gazing” and to unite against Reform UK, accusing the risin...
U.S. President Donald Trump said on Sunday there was “a real chance for greatness in the Middle East”, though he offered no concrete details or ti...
South Korean President Lee Jae Myung has vowed a “significant improvement” in the security of government administrative systems after a major fire...
The Kremlin on Sunday dismissed warnings from Ukrainian President Volodymyr Zelenskyy that Russian officials should familiarise themselves with bomb s...
German Interior Minister Alexander Dobrindt said on Saturday (27 September) that the threat from drones was "high" and that the country would take measures to defend itself.
Moldova's election authority excluded the pro-Russian political party 'Greater Moldova' from participating in Sunday's parliamentary vote due to suspected illegal financing, officials said on Saturday.
Romania is looking to collaborate with Ukraine on developing drones through a new European Union defence funding initiative. However, it will take at least seven years before the country has a multi-layered air defence system, according to a government source.
Georgians have gathered outside the parliament building, for over three hundred days, blocking the road on Rustaveli Avenue without pause over its country's deviation from the path to EU membership.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Super Typhoon Ragasa lashed Hong Kong with hurricane-force winds and torrential rain on Wednesday.
When Climate Week kicks off in New York City on Sunday (21 September), it will mark the largest event of its kind yet, with organisers reporting a record number of companies participating and more events than ever before.
Rising temperatures are taking a mounting toll on Bangladesh, with heat-related illnesses and productivity losses costing the economy up to $1.78 billion - about 0.4% of GDP - in 2024, according to a World Bank report released Tuesday
Australia will suffer more frequent and extreme climate events, often happening simultaneously, which will strain industry, services and infrastructure, a government report said on Monday, ahead of the announcement of a new emissions target.
Scientists have detected DNA from an invasive barnacle species in Canada's Arctic, raising alarm over the loss of the region's natural defence against ecological threats.
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