Zürcher Nachrichten - EU states agree 'face-saving' broad UN emissions-cutting target

EUR -
AED 4.330578
AFN 75.468553
ALL 95.370831
AMD 434.26718
ANG 2.110613
AOA 1082.496254
ARS 1649.279971
AUD 1.625347
AWG 2.125489
AZN 2.009303
BAM 1.955202
BBD 2.368676
BDT 144.305864
BGN 1.967008
BHD 0.444064
BIF 3500.4294
BMD 1.179189
BND 1.491244
BOB 8.126515
BRL 5.795828
BSD 1.17604
BTN 111.057033
BWP 15.789171
BYN 3.323484
BYR 23112.111202
BZD 2.365277
CAD 1.612129
CDF 2670.864298
CHF 0.916177
CLF 0.026704
CLP 1050.508704
CNY 8.019372
CNH 8.014083
COP 4394.855841
CRC 540.634648
CUC 1.179189
CUP 31.248518
CVE 110.231286
CZK 24.334582
DJF 209.425947
DKK 7.476537
DOP 69.938609
DZD 156.038276
EGP 62.195977
ERN 17.68784
ETB 183.631137
FJD 2.574218
FKP 0.86512
GBP 0.864889
GEL 3.154379
GGP 0.86512
GHS 13.247948
GIP 0.86512
GMD 86.674958
GNF 10318.844
GTQ 8.979254
GYD 246.064742
HKD 9.234999
HNL 31.264438
HRK 7.538916
HTG 153.972908
HUF 353.981307
IDR 20491.303919
ILS 3.421187
IMP 0.86512
INR 111.345548
IQD 1540.628801
IRR 1546506.829043
ISK 143.873347
JEP 0.86512
JMD 185.35331
JOD 0.836092
JPY 184.753623
KES 151.883547
KGS 103.085327
KHR 4718.556838
KMF 492.90156
KPW 1061.270109
KRW 1723.880942
KWD 0.36279
KYD 0.9801
KZT 543.543758
LAK 25791.111834
LBP 105315.489444
LKR 378.634195
LRD 215.803997
LSL 19.293799
LTL 3.48184
LVL 0.71328
LYD 7.436725
MAD 10.75591
MDL 20.110849
MGA 4912.497521
MKD 61.621153
MMK 2475.640798
MNT 4221.622084
MOP 9.4824
MRU 47.006623
MUR 55.210091
MVR 18.163925
MWK 2038.876413
MXN 20.255648
MYR 4.623647
MZN 75.362436
NAD 19.293799
NGN 1609.593864
NIO 43.276764
NOK 10.859513
NPR 177.691653
NZD 1.976185
OMR 0.453611
PAB 1.17604
PEN 4.066156
PGK 5.193412
PHP 71.358689
PKR 327.765953
PLN 4.239717
PYG 7183.802847
QAR 4.298685
RON 5.21945
RSD 117.334114
RUB 87.543025
RWF 1724.072695
SAR 4.44258
SBD 9.456429
SCR 17.539736
SDG 708.107537
SEK 10.86706
SGD 1.494509
SHP 0.880384
SLE 29.067455
SLL 24727.006491
SOS 672.094441
SRD 44.100547
STD 24406.83871
STN 24.492509
SVC 10.290853
SYP 130.395965
SZL 19.281103
THB 37.973479
TJS 10.972544
TMT 4.127163
TND 3.415955
TOP 2.839205
TRY 53.473293
TTD 7.970562
TWD 36.927538
TZS 3063.662984
UAH 51.6595
UGX 4406.652233
USD 1.179189
UYU 46.905654
UZS 14265.63688
VES 588.693738
VND 31022.113342
VUV 138.276182
WST 3.19218
XAF 655.756438
XAG 0.014675
XAU 0.00025
XCD 3.186819
XCG 2.119552
XDR 0.815551
XOF 655.756438
XPF 119.331742
YER 281.384102
ZAR 19.315959
ZMK 10614.123377
ZMW 22.390152
ZWL 379.698489
  • BCE

    -0.4300

    24.14

    -1.78%

  • CMSD

    0.1140

    23.534

    +0.48%

  • AZN

    0.3300

    182.85

    +0.18%

  • CMSC

    0.1400

    23.11

    +0.61%

  • BTI

    0.2000

    58.28

    +0.34%

  • GSK

    -0.0900

    50.41

    -0.18%

  • RIO

    2.2700

    105.38

    +2.15%

  • BCC

    -2.0900

    70.67

    -2.96%

  • RYCEF

    -0.4100

    16.37

    -2.5%

  • RELX

    0.0759

    33.58

    +0.23%

  • NGG

    0.9800

    86.89

    +1.13%

  • BP

    -0.4700

    43.34

    -1.08%

  • VOD

    0.5100

    16.2

    +3.15%

  • JRI

    0.0000

    13.15

    0%

  • RBGPF

    0.7000

    63.61

    +1.1%

EU states agree 'face-saving' broad UN emissions-cutting target
EU states agree 'face-saving' broad UN emissions-cutting target / Photo: NICOLAS TUCAT - AFP

EU states agree 'face-saving' broad UN emissions-cutting target

The EU agreed 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 settled for a compromise "statement of intent" to cut emissions between 66.25 percent and 72.5 percent compared to 1990 levels, according to diplomatic sources.

"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 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.

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.

- 'Better than nothing' -

While not as good as a formal submission, a statement of intent was "much better than nothing", a senior EU diplomat said ahead of the discussions.

"It sort of saves the EU face at international level," said Elisa Giannelli of the E3G climate advocacy group.

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.

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".

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.

While the statement of intent did not count as the official EU submission, the bloc was still aiming to file one ahead of COP30, said the European Council, the EU body that represents states.

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.

- 'Bad signal' -

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 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.

The delay sent a "bad signal" and brought into question EU leadership, said Michael Sicaud-Clyet of environmental group WWF, adding that the bloc was "losing its credibility" on climate.

L.Rossi--NZN