Article
The EU's 2040 Climate Target: The Next Phase Of European Climate Governance
The European Union has codified a legally binding 90% net reduction in greenhouse gas emissions by 2040, fundamentally reshaping decarbonization trajectories, carbon market architecture, and industrial transition strategies. This intermediate climate target introduces a calibrated flexibility mechanism permitting limited use of high-quality international carbon credits while establishing distinct accounting tracks for domestic permanent removals and cross-border mitigation, creating significant implications
European Union
Environment