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Story summary
- On March 5, 2026, the European Union (EU) approved a climate target to reduce greenhouse gas emissions by 90% by 2040.
- The target requires an 85% reduction from 1990 levels in European industries.
- To meet the goal, the EU will pay developing countries to cut emissions on its behalf.
- The agreement delays the launch of a new EU carbon market to 2028 and falls short of climate advisers' recommended cuts.
