Stricter 2030 Climate Goal For EU To Be Unveiled Next Week

The European Commission will likely unveil a stricter 2030 emissions-cut target next week, paving the way for fraught negotiations between governments and lawmakers over accelerating a green shift that will require sweeping overhauls in the functioning of the continent’s economy.

The European Union is considering tightening its carbon-reduction objective for the next decade to 50%-55%, with the upper end of the range set to become the new goal. Stepping up the pace of lowering discharges from the current binding target of 40% compared to 1990 levels will demand hundreds of billions euros in investment over the next decade.