EU may allow carbon credits from developing countries to count towards climate goals

Exclusive: Green groups furious at plans to let member states buy controversial carbon offsets from abroad

European member states may be allowed to count controversial carbon credits from developing countries towards their climate targets, the European climate commissioner has said as states meet for a crucial decision on the issue.

The EU will discuss on Wednesday its target for slashing carbon dioxide by 2040, with an expected cut of 90% compared with 1990 levels, in line with the bloc’s overarching target of reaching net zero by mid-century.