The EU postponed its decision on the controversial 2040 climate target, citing member states' need for more time. The proposal aims for a 90% emissions cut by 2040 and includes discussions on carbon credits. Critics warn it could harm industry and delay effective domestic climate action.
The newly appointed European Commission (EC) announced on Tuesday its plans to invest Euro 4.6 billion in decarbonisation technology and clean hydrogen projects, utilising funds raised through its EU Emissions Trading System (EU ETS).