EU to negotiate a long-term climate goal in Paris
Details of the emerging EU position ahead of the UN climate talks in Paris where a new global treaty that will commit all countries to halving global emissions from 1990 levels by 2050. The EU also wants the possibility of including a new 5 year mechanism for reviewing the collective ambition level of emissions reductions should countries start to fall behind on their Paris commitments. As part of the deal, the EU has pledged to reduce its greenhouse gas emissions by at least 40% from 1990 levels by 2030. The EU also wants a commitment to scaling up climate finance to deliver the joint commitment by industrialised nations to mobilise $100bn per year by 2020. Finance ministers will meet to finalise their position on climate finance in November.