EU countries reach deal on climate laws after late-night talks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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EU countries clinched deals on proposed laws to combat climate change early Wednesday, backing a 2035 phase-out of new fossil fuel car sales and a multibillion-euro fund to shield poorer citizens from CO2 costs.

After more than 16 hours of negotiations, environment ministers from the European Union’s 27 member states agreed their joint positions on five laws, part of a broader package of measures to slash planet-warming emissions this decade.

The ministers’ agreements will form their position in upcoming negotiations with the EU Parliament on the final laws.Italy, Slovakia and other states had wanted the phase-out delayed to 2040. The climate proposals aim to ensure the 27-country EU – the world’s third-biggest greenhouse gas emitter – reaches its 2030 target of reducing net emissions by 55% from 1990 levels.

After fraught negotiations, they agreed to form a 59-billion-euro EU fund to shield low-income citizens from the policy’s costs over 2027-2032.

 

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