Do international carbon credits fight climate change?


FILE PHOTO: A coal-fired power station scheduled to shut down is seen in As Pontes, Spain, February 8, 2022. Picture taken February 8, 2022. REUTERS/Miguel Vidal/File Photo

BRUSSELS (Reuters) -The European Commission has proposed an EU climate target for 2040 that allows countries to count carbon credits bought from developing nations towards the EU goal for the first time.

Here's what that means, and why the EU move on Wednesday faced criticism from campaigners and some scientists.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

France's Macron calls for calm ahead of march for far-right activist killed last week
Two soldiers, five militants killed in Bannu, Pakistan army says
Ukrainians, scattered across Europe, trapped in limbo by war
Macron says US Supreme Court tariff ruling shows it is good to have counterweights to power in democracies
Analysis-Trump pushes US toward war with Iran as advisers urge focus on economy
Trump meets Vietnam leader, vows to remove Hanoi from restricted lists
Analysis-Supreme Court checks Trump's expansive view of executive power
Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy
US says it struck vessel in the eastern Pacific, killing three men
1st LD: Trump says he will sign order imposing 10 pct global tariff

Others Also Read