European environment ministers backed a watered-down revision of the EU's climate law after the inclusion of several flexibilities meant to help member states cut 90% in greenhouse gas (GHG) emissions by 2040, a compromise the Danish Presidency, which is helming the EU27 bloc, felt necessary to close the deal.
“We’ve listened and worked with all parties around the table that brought us to a very good compromise. We have agreed to a legally binding headline 2040 target of -90%, with a domestic target of 85% and up to 5% international credits. We have reaffirmed the flexibilities we have put on the table,” Climate Action European Commissioner Wopke Hoekstra told reporters.
