The Japan Times - EU eyes 90% cut to greenhouse gases by 2040

EUR -
AED 4.073403
AFN 72.095399
ALL 90.759823
AMD 405.022533
ANG 1.985165
AOA 1018.212205
ARS 1713.072879
AUD 1.624435
AWG 1.996495
AZN 1.898524
BAM 1.954767
BBD 2.2584
BDT 139.786147
BGN 1.938631
BHD 0.423017
BIF 3354.345358
BMD 1.109164
BND 1.433478
BOB 13.298473
BRL 6.196565
BSD 1.121304
BTN 105.378826
BWP 15.38319
BYN 3.357329
BYR 21739.61442
BZD 2.255112
CAD 1.580631
CDF 2567.715032
CHF 0.922885
CLF 0.027772
CLP 1092.836776
CNY 7.398512
CNH 7.395506
COP 3649.26048
CRC 507.180057
CUC 1.109164
CUP 26.908783
CVE 110.216707
CZK 24.367945
DJF 199.67161
DKK 7.475344
DOP 68.010507
DZD 151.746852
EGP 59.275052
ERN 16.63746
ETB 182.503456
FJD 2.517469
FKP 0.835235
GBP 0.835849
GEL 2.882288
GGP 0.835235
GHS 13.130543
GIP 0.835235
GMD 82.077594
GNF 9933.692165
GTQ 8.568246
GYD 234.962343
HKD 8.700887
HNL 30.140929
HRK 7.507942
HTG 146.976262
HUF 364.370338
IDR 20243.185808
ILS 3.529083
IMP 0.835235
INR 104.263527
IQD 1699.702005
IRR 2114149.772786
ISK 136.61538
JEP 0.835235
JMD 177.962023
JOD 0.786376
JPY 177.040357
KES 144.180384
KGS 96.995174
KHR 4573.01687
KMF 490.250259
KPW 998.247558
KRW 1478.005179
KWD 0.345205
KYD 0.934306
KZT 500.565539
LAK 25239.282309
LBP 100411.502998
LKR 372.648398
LRD 190.616478
LSL 18.382894
LTL 3.275073
LVL 0.670922
LYD 7.187818
MAD 10.938154
MDL 20.149444
MGA 5073.753977
MKD 61.531076
MMK 2328.938724
MNT 3998.429475
MOP 9.059114
MRU 45.233384
MUR 52.529757
MVR 17.078874
MWK 1944.33929
MXN 20.678179
MYR 4.524948
MZN 70.873386
NAD 18.380989
NGN 1494.221886
NIO 41.262106
NOK 10.592306
NPR 168.606882
NZD 1.99355
OMR 0.42647
PAB 1.121334
PEN 3.821081
PGK 5.035816
PHP 70.64818
PKR 307.875111
PLN 4.403348
PYG 6921.935833
QAR 4.087409
RON 5.345841
RSD 117.603542
RUB 91.976549
RWF 1658.973093
SAR 4.184003
SBD 8.973966
SCR 15.362917
SDG 667.210175
SEK 11.047468
SGD 1.425442
SHP 0.831115
SLE 25.403889
SLL 23258.619397
SOS 640.819214
SRD 41.755618
STD 22957.455427
STN 24.48938
SVC 9.810817
SYP 14421.349991
SZL 18.38786
THB 37.467293
TJS 10.304685
TMT 3.882074
TND 3.341836
TOP 2.6706
TRY 55.743917
TTD 7.603983
TWD 36.562591
TZS 2948.482865
UAH 50.999624
UGX 4575.098464
USD 1.109164
UYU 45.37012
UZS 13425.906759
VES 998.791644
VND 28482.776964
VUV 133.037413
WST 3.092126
XAF 655.957
XAG 0.021754
XAU 0.000281061796
XCD 2.997571
XCG 2.020632
XDR 0.784236
XOF 655.957
XPF 119.331742
YER 262.318412
ZAR 18.476376
ZMK 9983.800502
ZMW 22.84599
ZWL 357.150356
SSP 6418.203573
MXV 2.322786
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

EU eyes 90% cut to greenhouse gases by 2040
EU eyes 90% cut to greenhouse gases by 2040 / Photo: FREDERICK FLORIN - AFP

EU eyes 90% cut to greenhouse gases by 2040

The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the bloc's transition to a greener future was clouded by a widespread farmers' revolt.

Text size:

"Based on the best available science, and a detailed impact assessment, we are recommending that the 2040 target should be a 90 percent emission cut" compared to 1990 levels, said the EU climate commissioner, Wopke Hoekstra.

He called for a "fair transition" that will still allow EU businesses to thrive and ensure "nobody is left behind" as the bloc seeks to become carbon-neutral by 2050.

In a sign of how politically fraught the environmental issue has become, with farmers venting their anger around the bloc, European Commission chief Ursula von der Leyen earlier Tuesday gave key ground by burying a plan to halve chemical pesticide use by the end of this decade.

The proposal "has become a symbol of polarisation", she acknowledged, with the legislation stalled amid divisions between EU lawmakers and member countries.

Tuesday's announcements came as dozens of farmers protested outside the European Parliament building, angry over shrinking incomes, rising costs and what they say are increasingly onerous green regulations.

The 27-nation European Union is already working towards an interim target of cutting greenhouse gas emissions by 55 percent by 2030.

But rising discontent could deal it a tougher time in trying to get the 2040 goal of 90 percent cuts adopted.

Far-right and anti-establishment parties have latched onto the farmers' movement and are predicted to make big gains in June elections to choose the members of the next EU assembly.

That vote will also lead to a new commission late this year. Von der Leyen has not yet said whether she intends to seek a new mandate at its helm.

- Backlash -

There is a vocal backlash from some industries to the bloc's climate policies and several national leaders are now calling for a "pause" in new environmental rules.

Eleven EU countries, including France, Germany and Spain had sent a joint letter to Brussels saying that the transition for an "ambitious" 2040 target needs to be "fair and just" and "leave no-one behind, especially the most vulnerable citizens".

The recommended target given Tuesday was accompanied by new post-2030 climate projections the commission was required to produce in the wake of the COP28 UN climate negotiations that took place in December.

The next European Commission will be tasked with turning the outline into proposed legislation ahead of next year's international climate summit (COP30).

The bloc's 2040 targets are expected to rely in part on the capture and storage of ambitious volumes of carbon dioxide -- incensing climate campaigners who criticise the technologies as untested and want to see gross emissions-cut pledges instead.

Even so, the plan would require a sizeable effort from every sector of the economy -- from power generation to farming, which accounts for 11 percent of EU greenhouse gas emissions.

- 'Very ambitious' -

Some of the strongest resistance to tougher environmental action comes from the centre-right European People's Party (EPP), from which von der Leyen hails.

The EPP's Peter Liese says a more cautious stance is justified.

As the bloc has been implementing its existing 2030 target, he said, "we see more and more how ambitious it is".

Liese considered a 90-percent emissions cut to be a "very ambitious" target for 2040 and stressed the need for "the right conditions, the right policy framework".

Elisa Giannelli, of the E3G climate advocacy group, urged the EU to keep the social impact of its climate policies front of mind.

"Getting this wrong," she said, "would allow conservative and populist voices to set the direction of the next steps."

The United Nations climate change organisation said in November the world was not acting with sufficient urgency to curb greenhouse gas emissions and thus limit global warming to 1.5 degrees Celsius above pre-industrial emissions.

With temperatures soaring and 2023 expected to be recorded as the warmest year in human history, scientists say the pressure on world leaders to curb planet-heating greenhouse gas pollution has never been more urgent.

M.Matsumoto--JT