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COP30: EU backs global carbon market alliance to cut CO2 emissions
The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon markets to finance global climate action. Critics argue the decision could undermine domestic climate ambition and jeopardise financing for restoring natural carbon sinks.
Europe News
Candidate countries celebrate renewed momentum in EU accession process
Candidate countries to join the European Union showed optimism at the Euronews Enlargement Summit in Brussels on Tuesday, as new progress reports signaled movement towards membership. Montenegro, Albania and Moldova all aim to join the bloc over the next five years.
Europe News
EU ministers break deadlock on CO2 emission reduction by 2040
After months of political impasse, the revision of the EU's climate law was backed with significant flexibilities for member states to hit the 90% emissions reduction by 2040. Now the European Parliament needs to have a say on the bloc's climate target.