Europe to Begin Debate on 2040 Climate Targets in Green Overhaul

The European Union is starting to plan for 2040 pollution-reduction targets as negotiations on a massive green overhaul for this decade are nearing completion.

The European Commission, the bloc’s regulatory arm, will start consulting governments, businesses, researchers and activists about a new goal that would set the post-2030 trajectory for the EU on its way to climate neutrality by mid-century. Public consultations will be launched later this month, followed by an outline of 2040 climate objectives later this year, according to an EU official with knowledge of the matter.

The 27-nation EU wants to be a global leader in the ...