Europe’s Climate Resolve Faces Test as EU Unveils 2040 Goal (1)

The heat wave searing Europe is making a compelling case for one of the most ambitious climate targets ever set by Brussels. Many in the European Union, however, have yet to be convinced.

The European Commission, the EU’s executive branch, proposed Wednesday a binding law to slash emissions by 90% by 2040 as part of its overarching goal to reach climate neutrality by the middle of the century. While that shows the bloc is still up for the fight against global warming, it’s been forced to offer various “flexibilities” to help countries meet the target.

“Industry and investors look to ...