Beijing, November 10 (China News Service) -- The 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) will be held in Belém, Brazil, on November 10. Ahead of COP30, the European Union announced that its member states have reached an agreement on emissions reduction targets for 2040 and emphasized the EU's commitment to achieving the goals of the Paris Agreement.
According to the EU Delegation to China, EU member states have agreed to reduce net greenhouse gas emissions by 90% by 2040, including an 85% internal emissions reduction target and a 5% international carbon credit. At the same time, the EU submitted new Nationally Determined Contributions (NDCs) under the Paris Agreement: to reduce net emissions by 66.25% to 72.5% from 1990 levels by 2035.
The announcement also stated that in 2024, the EU and its member states will provide €31.7 billion in climate finance to developing countries and mobilize an additional €11 billion in private funds to support developing countries in addressing climate change and adapting to its impacts.
The message emphasizes that Europe is committed to achieving climate neutrality by 2050 and that the EU is dedicated to achieving the goals of the Paris Agreement.
