By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > EU close to reaching climate goals despite green backlash
News

EU close to reaching climate goals despite green backlash

News Room
Last updated: 2025/05/25 at 5:04 AM
By News Room
Share
5 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Climate change myFT Digest — delivered directly to your inbox.

The EU is almost on track to meet its 2030 climate targets according to new data, a victory for Brussels even as it faces growing calls to weaken its environmental agenda.

The European Commission will announce next week that the EU is broadly within target to reduce its greenhouse gas emissions by 55 per cent by 2030 compared with 1990 levels, according to three EU officials with knowledge of the figures. The cuts were projected to be about 54 per cent, one official said.

The numbers were “surprisingly good”, said another senior official, adding that even though the bloc would not quite achieve a 55 per cent reduction, it was “as close to the mark as you could get”.

The numbers will be a boost for the commission and politicians still defending the bloc’s climate commitments after the European economy was left reeling from the impact of the Covid-19 pandemic, the energy crisis prompted by Russia’s full-scale invasion of Ukraine in 2022 and, more recently, Donald Trump’s trade war.

The commission has faced pressure to water down green legislation, including a plan to ban new combustion engines by 2035 in order to help Europe’s ailing car industry, which is lagging behind Chinese and US competitors.

The majority of the drop in EU emissions will come from the energy sector, according to a tracker published by climate think-tank Ember. Tomos Harrison, electricity transition analyst at Ember, said that member states were “heading in the right direction” and that wind and solar power build-out had played a major role.

The data will be published weeks before the commission lays out how the bloc can reach its 2040 climate target, which should amount to a 90 per cent emissions reduction. The EU has committed to reach net zero by 2050 — one of the most ambitious targets in the world.

The 2040 target will be closely watched internationally as countries submit emissions cutting commitments to the UN ahead of this year’s COP30 climate conference in Brazil.

Peter Liese, a German MEP from the conservative European People’s Party, the EU’s biggest political group, said that a 90 per cent target was “extremely ambitious and I don’t think we can support it [unless] major flexibilities are included”.

Countries such as Italy and Poland have pushed for a lower target, while France has also expressed scepticism. Germany’s new coalition government has said it could support a 90 per cent target if carbon credits could count towards the goal.

Heavy industries suffering from high energy prices have pointed out that a large chunk of emissions reductions have come from production cuts and plant closures, rather than decarbonisation.

One official with knowledge of the figures said that emissions from land use had shown one of the smallest reductions, citing logging and increasingly extreme weather — including the 2023 wildfires across southern Europe — which had impaired the land’s ability to absorb carbon.

Agriculture, which remains the only sector without its own emissions targets, was the “elephant in the room”, the official added. Farmers have violently protested against EU environmental measures.

The transport sector is another laggard, according to European Commission year-on-year climate data published last October.

The European Commission declined to comment on the figures.

The drop in the bloc’s emissions will do little to bring down global carbon emissions. The EU’s share was about 6 per cent in 2023, down from about 15 per cent in 1990. Global emissions have increased more than 60 per cent since 1990.

CAN Europe, an NGO that also tracks the climate goals, said that the achievement was “largely superficial”.

“In most countries, the underlying policies and measures are still insufficient to deliver the promised targets,” it said.

Read the full article here

News Room May 25, 2025 May 25, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Yahoo Finance: Market Coverage, Stocks, & Business News

Watch full video on YouTube

How A Million Miles Of Undersea Cables Power The Internet — And Now AI

Watch full video on YouTube

Tesla bull Dan Ives talks why he’s still bullish, AT&T COO talks wireless competition

Watch full video on YouTube

Why The U.S. Is Running Out Of Explosives

Watch full video on YouTube

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

This article was written byFollowSeeking Alpha's transcripts team is responsible for the…

- Advertisement -
Ad imageAd image

You Might Also Like

News

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

By News Room
News

Aurubis AG (AIAGY) Q4 2025 Earnings Call Transcript

By News Room
News

A bartenders’ guide to the best cocktails in Washington

By News Room
News

C3.ai, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:AI) 2025-12-03

By News Room
News

Stephen Witt wins FT and Schroders Business Book of the Year

By News Room
News

Verra Mobility Corporation (VRRM) Presents at UBS Global Technology and AI Conference 2025 Transcript

By News Room
News

Zara clothes reappear in Russia despite Inditex’s exit

By News Room
News

U.S. Stocks Stumble: Markets Catch A Cold To Start December

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?