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EU Starts Planning for 2040 Goals On Way to Climate Neutrality

  • Public input sought on targets for emissions reduction
  • Changes to carbon cap-and-trade program also under review
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The European Union started work on setting its 2040 climate goals, signaling future policies would require greener consumer lifestyles and more effort from businesses across the economy to meet climate neutrality by the middle of the century.

The European Commission, the bloc’s regulatory arm, is seeking public input on its upcoming proposals, including setting an emissions-reduction goal for the next decade and the role of its carbon market, according to documents published Friday.