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Brussels to stand its ground on 90% emissions cut by 2040

2 Jul 2025

Depositphotos
Image: Depositphotos

The European Commission is set to propose a target to slash greenhouse gas emissions to a mere tenth of the levels seen back in 1990 – but a leaked summary confirms it will offer significant leeway as a sweetener for reluctant EU members.

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Related Topics:   Paris Agreement United Nations

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France bets on nuclear in new plan to cut fossil fuel imports

Today 12:00pm

The French government unveiled a 10-year energy strategy that leans heavily on nuclear power and offshore wind farms to curb fossil fuel dependence. Environmental groups criticised a 'stubborn insistence on believing in the nuclear myth'.

European Central Bank's green supervision grows teeth, but will banks avoid being bitten?

Fri 13 Feb 2026

After several years of issuing guidance and repeatedly calling on banks to take climate and environmental risk management seriously, the European Central Bank is moving from guidance and expectations to enforcement.

EU to ban destruction of unsold clothes and shoes

Thu 12 Feb 2026

The European Commission has adopted new measures that will require medium and large companies to stop discarding unsold clothing and footwear, in the bloc’s latest move to target textile waste.

European industry revolts over EU plan to weaken carbon border tax

Wed 11 Feb 2026

From fertilisers to cement, manufacturers warn against introducing a kill switch into the just-launched CBAM scheme.

Farmers report catastrophic damage to crops as Storm Marta hits Spain and Portugal

Tue 10 Feb 2026

Farmers in Spain warned on Saturday that torrential rains and high winds had left fields submerged and caused millions of euros worth of damage to crops, as Spain and Portugal braced for more extreme weather.

EU weighing options to support industry in carbon market overhaul

9 Feb 2026

The European Commission is looking at various ways to support industries in an upcoming overhaul of the EU carbon market to prevent them moving to areas with lower pollution standards, the head of the Commission’s climate department said late on Wednesday.

EU adopts first-ever standard for carbon removal projects

4 Feb 2026

The European Commission announced the adoption of its first set of voluntary certification methodologies for permanent carbon removals, aimed at providing clear standards for carbon removal technologies, to enable certification and investment in projects that permanently remove CO2 from the atmosphere.

EU carbon price forecasts edge up in volatile start to the year

3 Feb 2026

Analysts raised slightly their forecasts for prices in the European Union's carbon market for the next couple of years while predicting volatile trading in 2026 as the benchmark contract moves with Europe’s gas prices.

Norway’s $2tn wealth fund stress tests effects of climate shocks and AI correction

2 Feb 2026

Equity portfolio could lose a quarter in event of extreme weather and shed more than half from AI boom collapse.

Dutch government discriminated against Bonaire islanders over climate adaptation, court rules

29 Jan 2026

The Dutch government discriminated against people in one of its most vulnerable territories by not helping them adapt to climate change, a court has found.

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