India, Feb. 7 -- Dependence on carbon capture, utilisation & storage is concerning, raises questions on ambition of the target

On February 6, 2024, the European Union (EU) introduced via the European Commission its new proposed 2040 climate goal. It laid out a net emissions reduction target of 90 per cent by 2040 compared to the 1990 baseline levels.

In September 2020, EU had announced a goal to cut greenhouse gas (GHG) emissions by 55 per cent below 1990 levels by 2030, compared to 40 per cent earlier. It was submitted as a second Nationally Determined Contribution to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2020.

It was enshrined in the EU Climate Law in 2021, which also laid out a commitment to ...