On the night of Tuesday 9 and Wednesday 10 December, the Council of the EU and the European Parliament reached an agreement on the amendment to the ‘European Climate Law’, aimed at including a target to reduce greenhouse gas emissions by 90% by 2040 (compared to 1990).
The two positions were very similar. However, the co-legislators still had a few sensitive points to resolve. They achieved this after just over four hours of negotiations (see EUROPE B13768A11).
International carbon...