Skip to content
Subscriber Only
Business
Economics

EU Calls for 40% Reduction in Greenhouse-Gas Output by 2030

The European Union proposed cutting the region’s greenhouse-gas emissions by 40 percent in 2030, accelerating its efforts to fight climate change.

The European Commission’s strategy to reduce pollution, curb rising energy costs and overhaul renewable-energy policies in the next decade would require an average annual investment of 38 billion euros ($52 billion) in the 28-nation bloc, the region’s executive arm said today in a statement. The current goal is to cut emissions by 20 percent in 2020 from 1990 levels, a pace that would lead the EU to a 32 percent reduction of greenhouse gases by 2030.