- The EU plans to count high-quality international carbon credits for up to 3% of its 2040 emissions reduction target.
- The credits would begin in 2036, easing pressure on domestic industries and offering cost-effective compliance options.
- The proposal introduces broader flexibilities to address concerns from member states over the cost and competitiveness of climate measures.
The European Commission is preparing to propose the use of carbon credits purchased from other countries to help meet the European Union’s upcoming 2040 climate target.
The official target—set for release on July 2—is expected to call for a 90% cut in net greenhouse gas emissions compared to 1990 levels.
