EU to Propose New Climate Goal With Greater Flexibility in July

The European Union is set to offer greater flexibility in July over achieving its emissions-reduction target for the next decade, as the bloc seeks to bolster flagging support for its ambitious climate plans.

The European Commission, the EU’s executive arm, told member states it’s considering publishing a measure to set an interim climate goal for 2040 on July 2, according to diplomats with knowledge of the matter. Options under consideration include allowing some international carbon credits and giving up sub-targets for various sectors, the diplomats said, asking not be identified as the discussions are private.

The new target will also ...