Former Netherlands’ Foreign Minister and Commissioner-Designate for Climate Action Wopke Hoekstra at the European Parliament in Strasbourg, France, on Oct. 2, 2023. Frederick Florin/AFP via Getty Images
The European Commission has proposed an EU climate target for 2040 that will allow countries to use international carbon credits.
The European Commission on July 2 proposed an amendment to the EU Climate Law, setting a 2040 climate target of a 90 percent reduction in net greenhouse gas (GHG) emissions from 1990 levels.
