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'Using offsets to meet climate goals is a cop out. There is no evidence that offsets actually work' one critic warned (Photo: Courtesy Jikalahari)

EU's 2040 climate goal now includes backdoor via carbon credits

The European Commission presented a legally-binding target to cut greenhouse gas emissions by 90 percent by 2040, compared to 1990 levels, after a long delay on Wednesday (2 July).

But in a controversial twist, the new plan allows EU countries to meet part of that target outside their own borders, by buying so-called international carbon credits.

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

'Using offsets to meet climate goals is a cop out. There is no evidence that offsets actually work' one critic warned (Photo: Courtesy Jikalahari)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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