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European Commission to announce new 2040 target for greenhouse gas emissions reduction

# The European Commission is poised to unveil a transformative 2040 target for greenhouse gas emissions reduction next month, to intensify efforts against climate change. The European Climate Law binds the European Union to a 55-percent cut by 2030, with a goal of achieving complete carbon neutrality by 2050. The European Scientific Advisory Board on Climate Change contends a 90 to 95-percent reduction by 2040. Concerns have been raised about the feasibility of fulfilling existing commitments, with member states stressing the importance of a realistic just transition target.