EUROPEAN PARLIAMENT VOTES TO TOUGHEN EU CARBON EMISSIONS REDUCTION LAW
October 2nd, 2020
ENERGY companies are facing the likelihood of tougher carbon emission reduction targets within the European Union (EU) after the European Parliament voted to stiffen commitments within a proposed climate neutrality regulation. MEPs backed setting an EU-wide carbon emissions reduction goal of 60% by 2030, up from the 55% already proposed by the European Commission (itself an increase from the EU’s existing 40% target for 2030). MEPs also voted for the EU executive to propose an interim target for 2040, following an impact assessment, to ensure the EU is moving ...
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