European Commission Proposes 90% Greenhouse Gas Cut by 2040

The European Commission has proposed amending the EU Climate Law to set a new target of reducing net greenhouse gas emissions by 90% by 2040 compared to 1990 levels, bridging the gap between the current 55% reduction goal for 2030 and the net zero target for 2050. This proposal, supported by impact assessments and scientific advice, aims to strengthen Europe's industrial competitiveness, energy security, and resilience to climate change impacts such as extreme weather events. EU Climate Commissioner Wopke Hoekstra emphasized the importance of protecting citizens and economies from climate-induced losses, citing examples like Slovenia's 11% GDP loss after floods, while noting the proposal still requires approval by the European Parliament and the EU Council. The plan includes flexibilities such as allowing limited use of international carbon credits starting in 2036, which has drawn criticism from green groups and scientists concerned about the effectiveness and verifiability of such offsets. Critics argue the proposal falls short of scientific recommendations for steeper cuts achieved through domestic action without reliance on carbon offsets. The Commission maintains confidence in achieving the goal through a pragmatic approach that accounts for current economic, security, and geopolitical realities.