---
title: "The European Parliament passes the 2040 climate target, significantly reducing carbon emissions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275518638.md"
description: "The European Parliament passed the 2040 climate target with 413 votes in favor and 226 against, planning to reduce greenhouse gas emissions by 90% compared to 1990 levels. Despite concerns from countries like Italy, the final text allows for 5% of the reduction to be accounted for through the purchase of carbon credits. The agreement also postponed the carbon trading system for road transport and building heating until 2028. The EU has the highest investment in climate action among major emitting countries globally, having reduced carbon emissions by 37% in 2023, and continues to urge international partners to strengthen climate action"
datetime: "2026-02-10T22:11:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275518638.md)
  - [en](https://longbridge.com/en/news/275518638.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275518638.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275518638.md) | [繁體中文](https://longbridge.com/zh-HK/news/275518638.md)


# The European Parliament passes the 2040 climate target, significantly reducing carbon emissions

(Agence France-Presse Strasbourg, 10th) The European Parliament today passed the European Union's (EU) ambitious 2040 climate target with 413 votes in favor and 226 against, aiming for a 90% reduction in greenhouse gas emissions compared to 1990 levels. This is a significant milestone for the EU's goal of achieving carbon neutrality by the middle of this century.

Due to concerns from several EU member states, including Italy, the final text approved by the European Parliament included a compromise, allowing for 5% of the emission reductions to be accounted for through carbon credits purchased from outside the EU. This target will await final approval from the EU member states.

In the future, if necessary, the EU may open up an additional 5% quota for member states to purchase carbon credits from the international carbon market to meet their respective carbon targets.

Furthermore, under pressure from Poland and Hungary, the final agreement postponed the implementation of the carbon trading system for road transport and building heating by one year to 2028, although some member states are still pushing for further delays.

Although the EU's greenhouse gas emissions are only surpassed by China, the United States, and India, it has the highest level of commitment to climate action among the world's major emitters, having already achieved a 37% reduction in carbon emissions compared to 1990 levels by 2023.

Now, despite making concessions on the 2040 climate target, the EU still considers itself a leader in the global fight against climate warming and continues to urge international partners to intensify their efforts

### Related Stocks

- [iShares Low Carbon Optd MSCI ACWI ETF (CRBN.US)](https://longbridge.com/en/quote/CRBN.US.md)
- [CNIC ICE US Carb Natrl Pwr Futs ETF (AMPD.US)](https://longbridge.com/en/quote/AMPD.US.md)
- [ICBCCS CSI SEEE Carbon Neutral ETF (159640.CN)](https://longbridge.com/en/quote/159640.CN.md)
- [KraneShares European Carb Allw Stgy ETF (KEUA.US)](https://longbridge.com/en/quote/KEUA.US.md)
- [iShares Global Clean Energy ETF (ICLN.US)](https://longbridge.com/en/quote/ICLN.US.md)
- [KraneShares Global Carbon ETF (KRBN.US)](https://longbridge.com/en/quote/KRBN.US.md)

## Related News & Research

- [Carbon Done Right Seeks New Investment for Validated Sierra Leone Carbon Project](https://longbridge.com/en/news/279596297.md)
- [Energy secretary has a major update on gas prices for Americans](https://longbridge.com/en/news/279264840.md)
- [US sues California over zero emission vehicle, greenhouse gas rules](https://longbridge.com/en/news/278888971.md)
- [04:45 ETEuropean Parliament Hosts Conference on Global Nanoplastics Risks](https://longbridge.com/en/news/279396206.md)
- [House Democrats unveil energy policy priorities as Senate talks resume](https://longbridge.com/en/news/279564021.md)