EU Countries Delay Deal on New Climate Goal, Diplomats Say

An anonymous reader shares a report: European Union countries have shelved plans to approve a new climate change target next week, after pushback from governments including France and Germany over plans to quickly land a deal, three EU diplomats told Reuters on Friday. Countries are discussing a legally-binding target to cut net EU greenhouse gas emissions by 90% by 2040, from 1990 levels - with a share of this covered by buying foreign carbon credits.

The European Commission has said this would offer investors certainty and keep Europe on track for net zero emissions by 2050. Climate change has made Europe the world's fastest-warming continent, unleashing deadly heatwaves and record-breaking wildfires. But EU governments are divided over how ambitious to be in tackling global warming, as governments also try to increase defence spending and support struggling industries.

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