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EU mulls international carbon credits amid net-zero pressure. (Photo: iStock)
Pressure is mounting within the European Union to ease climate regulations, with influential lawmakers calling for a lower 2040 emissions target. They warn that overly stringent rules could overwhelm the manufacturing sector and even trigger deindustrialization.
Meanwhile, the European Commission is also exploring the possibility of using carbon credits from international emissions reduction programs to help meet its climate goals.
Climate targets under political scrutiny as EPP urges adjustment
The European Commission had planned to propose amendments to the EU Climate Law by the end of March, including setting the 2040 emissions reduction target as a stepping stone toward carbon neutrality by 2050. However, the proposal has yet to be released, with a key sticking point being that some member states and lawmakers view the 90% reduction target as overly aggressive.
