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EU Aims for 90% Emission Cuts by 2040 Amid Criticism

7/13/2025

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Story summary
  • The EU is setting ambitious goals, targeting a 90% reduction in emissions by 2040 through international carbon credits. With a looming September 2025 deadline for its Nationally Determined Contribution, investors feel the pressure. However, critics caution that over-reliance on offsets may weaken local initiatives, stressing the importance of stringent quality controls for genuine climate progress.