The EU climate commissioner said Brazil and Other Global South Nations Show Strong Interest in Carbon Markets. (Photo: Wikipedia Commons)
The European Commission is expected to unveil its 2040 climate target on July 2, aiming for a 90% reduction in greenhouse gas emissions from 1990 levels.
The proposal includes a controversial move to allow EU member states to use international carbon credits, with the goal of encouraging developing countries to participate in global emissions reductions. However, experts warn this could undermine domestic climate action within the EU.
Brussels mulls international carbon offsets from 2036
According to draft documents obtained by several media outlets, the Commission plans to allow member states to purchase carbon credits from international emissions reduction projects beginning in 2036. These credits, capped at 3% of total emissions, could be counted toward EU climate targets. The aim is to address residual emissions and accelerate progress toward net-zero.
