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EU Parliament committee backs 90% emissions cut by 2040 with international credits

By Eleonora Rinaldi ( November 10, 2025, 16:51 GMT | Insight) -- Europe’s economy should reach 90 percent reductions in greenhouse gas emissions by 2040, according to the European Parliament’s environment committee, which voted on Monday on amending the European Commission’s proposed overhaul of the EU Climate Law broadly in line with member states. International carbon credits could be used to count toward the goal by up to 5 percentage points starting in 2036, with a pilot phase beginning in 2031, lawmakers said. The text is slated for a vote by the full parliament on Nov. 13.Europe’s economy should reach 90 percent reductions in greenhouse gas emissions by 2040, according to lawmakers from the European Parliament’s environment committee, who voted on Monday on amending a proposed overhaul of the EU Climate Law....

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