BRUSSELS, June 29 (KUNA) -- European Union Environment Ministers Wednesday agreed on a compromise deal to reduce greenhouse gas emissions by at least 5 percent by 2030 compared to 1990 levels and to achieve climate neutrality in 2050.
"With this package we can really do what we have engaged to do in the climate law, what we are obliged to do legally in the climate law. This will allow us to get a to reduction of at least 55 percent of our emissions by 2030 and this will really set us on a trajectory to climate neutrality by 2050," said European Commission Executive Vice President Frans Timmermans in press statements after the meeting this morning in Luxembourg.
The ministers also adopted a common position on EU emissions trading system, the creation of a social climate fund and new CO2 emission performance standards for cars and vans, said an EU statement.
These agreements pave the way for negotiations with the European Parliament for the final approval. (end)