Climate & Environment

Explainer: what has to be done to meet EU’s 2040 aim of cutting emissions by 90 per cent

The EU estimates it will need to invest about €1.5 trillion every year between 2031 and 2040 but the elephant in the room is agriculture

Climate change protest. Carbon capture technology on a large scale will be needed to meet emissions reductions targets. Picture: Getty

The European Union’s aim to cut 90 per cent of emissions by 2040 is its most ambitious move yet to try to keep global warming below 1.5C.

The plan recommended by the European Commission would put the world’s largest trading bloc at the forefront of global climate efforts and require a significant overhaul of its economy and trade. Yet it’s likely to face intense debate among member states and the broader public — particularly as ...