The Japan Times - EU states agree broad UN emissions target avoiding 'embarrassment'

EUR -
AED 4.279407
AFN 76.324228
ALL 92.268441
AMD 424.047681
ANG 2.085556
AOA 1069.704958
ARS 1765.109716
AUD 1.62275
AWG 2.097462
AZN 1.977699
BAM 1.955098
BBD 2.348007
BDT 143.158577
BGN 1.976701
BHD 0.439542
BIF 3478.650464
BMD 1.165256
BND 1.480768
BOB 13.459165
BRL 6.001186
BSD 1.165801
BTN 111.175066
BWP 15.578939
BYN 3.515828
BYR 22839.026188
BZD 2.344608
CAD 1.618093
CDF 2650.957856
CHF 0.93908
CLF 0.02723
CLP 1071.709087
CNY 7.833728
CNH 7.830403
COP 3646.774896
CRC 529.709727
CUC 1.165256
CUP 30.879296
CVE 110.225407
CZK 24.123602
DJF 207.598993
DKK 7.475271
DOP 67.855626
DZD 155.078138
EGP 58.507273
ERN 17.478847
ETB 190.422968
FJD 2.556048
FKP 0.857209
GBP 0.857611
GEL 3.026728
GGP 0.857209
GHS 13.050536
GIP 0.857209
GMD 85.644286
GNF 10247.319148
GTQ 8.893805
GYD 243.896578
HKD 9.135028
HNL 31.271304
HRK 7.534785
HTG 152.519142
HUF 361.758489
IDR 20689.885477
ILS 3.462797
IMP 0.857209
INR 111.241381
IQD 1527.151445
IRR 1601732.369038
ISK 140.600123
JEP 0.857209
JMD 184.726816
JOD 0.826126
JPY 185.718285
KES 150.737317
KGS 101.901698
KHR 4715.427612
KMF 492.903723
KPW 1048.731137
KRW 1608.432562
KWD 0.359784
KYD 0.971472
KZT 536.298867
LAK 26165.601278
LBP 104397.288092
LKR 383.062403
LRD 211.583999
LSL 18.574287
LTL 3.440699
LVL 0.704852
LYD 7.386474
MAD 10.762934
MDL 20.144937
MGA 5020.369011
MKD 61.502908
MMK 2447.048469
MNT 4190.555791
MOP 9.412319
MRU 46.841175
MUR 54.55759
MVR 18.015071
MWK 2021.543253
MXN 19.764433
MYR 4.693064
MZN 74.465735
NAD 18.574527
NGN 1567.922544
NIO 42.904589
NOK 10.897093
NPR 177.883157
NZD 1.959483
OMR 0.448047
PAB 1.165781
PEN 3.909096
PGK 5.170187
PHP 72.041967
PKR 323.768659
PLN 4.311851
PYG 6974.644335
QAR 4.250073
RON 5.257868
RSD 117.297072
RUB 98.348945
RWF 1717.242112
SAR 4.371299
SBD 9.322201
SCR 16.12517
SDG 700.319152
SEK 11.101666
SGD 1.480837
SHP 0.863299
SLE 28.77716
SLL 24434.84398
SOS 666.283542
SRD 43.999506
STD 24118.455627
STN 24.491413
SVC 10.200555
SYP 15150.6641
SZL 18.562651
THB 38.236712
TJS 10.760035
TMT 4.09005
TND 3.393781
TOP 2.805658
TRY 56.08977
TTD 7.920155
TWD 36.979762
TZS 3082.689375
UAH 51.942825
UGX 4357.509567
USD 1.165256
UYU 46.85317
UZS 13779.346068
VES 916.224007
VND 30410.862524
VUV 138.031989
WST 3.153612
XAF 655.743966
XAG 0.016984
XAU 0.000253
XCD 3.149164
XCG 2.10109
XDR 0.823897
XOF 655.732715
XPF 119.331742
YER 276.223808
ZAR 18.591113
ZMK 10488.706996
ZMW 22.120529
ZWL 375.212098
  • CMSD

    -0.1000

    21.16

    -0.47%

  • CMSC

    -0.0650

    21.275

    -0.31%

  • BCC

    -1.1000

    79.94

    -1.38%

  • JRI

    -0.0400

    12.44

    -0.32%

  • RBGPF

    0.0000

    71.13

    0%

  • RIO

    -2.1100

    104.7

    -2.02%

  • VOD

    -0.1900

    15.94

    -1.19%

  • BP

    -0.3600

    42.5

    -0.85%

  • RELX

    -0.5400

    35.34

    -1.53%

  • AZN

    -3.3900

    166.27

    -2.04%

  • BTI

    0.9700

    57.44

    +1.69%

  • NGG

    -0.6400

    80.53

    -0.79%

  • GSK

    -0.6400

    51.43

    -1.24%

  • RYCEF

    0.4200

    20.85

    +2.01%

  • BCE

    -0.1000

    23.49

    -0.43%

EU states agree broad UN emissions target avoiding 'embarrassment'

EU states agree broad UN emissions target avoiding 'embarrassment'

The EU agreed on a broad emissions-cutting target on Thursday to bring to a UN conference in Brazil, sparing the bloc potential diplomatic embarrassment but risking its reputation as a climate champion.

Text size:

Environment ministers for the 27-nation bloc met in Brussels with the clock ticking down on a UN deadline to produce an official pledge to fight global warming for 2035.

The countries have not been able to agree on their level of ambition, so they settled for a compromise "statement of intent" to cut emissions between 66.25 percent and 72.5 percent compared to 1990 levels.

"It's very positive that member states have been able to reach a consensus," Lars Aagaard, climate minister of Denmark, which holds the EU's rotating presidency, told a press conference.

The EU "is and will remain a global climate leader", he said.

The EU -- behind only China, the United States and India in terms of greenhouse-gas emissions -- has been by far the most committed of the major polluters to climate action.

The bloc was hoping to come up with an ambitious submission to November's COP30 climate conference but months of negotiations failed to produce an agreement, leaving Brussels scrambling for a last-minute solution.

The UN has pushed for world leaders, among them EU chief Ursula von der Leyen, to announce their commitments at the General Assembly in New York next week.

Denmark suggested a "statement of intent" with a target range rather than a hard goal backed by a detailed plan -- a majority of states eventually getting on board on Thursday after a long day of talks in Brussels.

- 'Consolation prize' -

"This statement of intent allows the EU to show up in New York with something tangible and avoid complete embarrassment," said Jens Mattias Clausen of Concito, a Danish think-tank.

Like most other parties to the 2015 Paris Agreement, the EU had already missed a February deadline to provide a 2035 emissions reduction target and a detailed blueprint for achieving it.

The deadline was extended to September -- still allowing plans to be assessed before COP30 starts on November 10, in the Brazilian city of Belem.

As the statement of intent does not count as the official EU submission, the bloc is all but sure to also miss the second deadline.

"The statement of intent is a hard-fought consolation prize," said Linda Kalcher, director of the Strategic Perspectives think tank.

The bloc was still aiming to file its official pledge ahead of COP30, said the European Council, the EU body that represents states.

The deal "allows us to confidently walk into New York next week", Wopke Hoekstra, the European Commissioner for Climate, told reporters.

He described the target range as "ambitious" and "clearly in line with the Paris Agreement".

- Divisions -

The EU has set a goal of becoming carbon neutral by 2050 and says it has already cut emissions by 37 percent compared to 1990.

But climate has increasingly taken a backseat in Brussels, as global trade tensions and the war in Ukraine have shifted focus to defence and industry.

Thomas Gelin of Greenpeace said Thursday's compromise showed the bloc was "abdicating the role of climate leader".

"The EU is more concerned with making the continent 'competitive' than keeping it liveable," he said.

The deal reflects discord among the 27 over the bloc's green agenda.

Denmark and Spain are among countries pushing for Brussels to stick to a related European Commission proposal to cut emissions by 90 percent by 2040 on the way to net-zero a decade later.

But others, like Hungary, the Czech Republic and Poland, think it over-ambitious and detrimental to industry.

"Our analysis shows we can do at great expense, 83 percent of reductions by 2040," Polish climate official Krzysztof Bolesta said ahead of the talks, adding his government wanted an exemption for defence production.

France, which is suffering from shaky finances and a prolonged political crisis, wants more clarity on the investment framework to support decarbonisation before committing.

Last week Paris and Berlin called for a decision on 2040 targets to be discussed at a leaders' summit in October -- effectively pushing back a decision that the commission had hoped could have been reached Thursday.

T.Ikeda--JT