EU climate advisers are urging the bloc to stay firm on its 2040 climate target, warning that shortcuts could jeopardize long-term progress.
As the European Commission prepares to unveil a legally binding climate target of cutting emissions by 90% by 2040 (compared to 1990 levels), internal discussions are ongoing about potentially lowering the target or allowing international carbon credits to ease the pressure on domestic industries. The European Scientific Advisory Board on Climate Change (ESABCC) has pushed back strongly against this, cautioning that relying on overseas carbon offsets could weaken Europe's economic transformation.
In their latest analysis, the ESABCC emphasized that using international credits—such as funding reforestation in Brazil—might divert funds away from essential investments in local infrastructure and industry. While advocates argue that such credits help finance carbon-cutting projects in developing countries, the EU previously banned them in 2013 after a flood of ineffective credits crashed the carbon market.
Despite economic and geopolitical challenges, the ESABCC reiterated its 2023 recommendation of a 90–95% emissions cut by 2040, calling it both realistic and vital for meeting global climate goals. Achieving this would require a near-zero emissions power sector and the widespread electrification of heavy industry, yielding health, economic, and energy security benefits.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and e...
Afghan and Russian businesses signed 15 trade agreements worth $103 million in Kabul on Thursday during a visit by Russian Deputy Prime Minister Al...
Rising demand for air cargo and expanding international aviation networks are opening up new trade opportunities for Central Asia and the South Cau...
UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
Iran has unveiled a new underground missile and drone base, warning that it will respond forcefully to any attack, as tensions persist with the U.S. and oil tankers continue to be struck by naval mines in the Strait of Hormuz.
Lahore, the capital of Pakistan’s eastern Punjab province, has topped global rankings of the most polluted major cities as hazardous smog continues to blanket the region.
Uzbekistan has showcased its first artificial glacier project at the COP31 climate summit in Antalya, Türkiye, highlighting an innovative way to store winter water for use in warmer months as Central Asia grapples with worsening water shortages.
Uzbek President Shavkat Mirziyoyev has allocated $10 million to reinforce the Afghan banks of the Amu Darya River, where erosion threatens farmland and homes, the Afghanistan Chamber of Commerce and Investment (ACCI) said after talks in Balkh on Tuesday.
Extreme heat is threatening agricultural production and food security in Pakistan's eastern Punjab province, where increasingly frequent and severe heatwaves are disrupting farming, damaging livestock and reducing household incomes.
Global temperatures are projected to rise by up to 2.8°C above pre-industrial levels by 2100 under current climate policies, according to a United Nations report published on 21 October, raising concerns about the world's ability to meet international climate targets.
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