Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

$750 billion EU, U.S. energy deal will be hard to attain, experts say

July 28, 2025

Mexico proposes debt offering to help Pemex – Oil & Gas 360

July 28, 2025

Mexico proposes debt offering to help Pemex

July 28, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » EU Far Right Wants 2040 Climate Target Binned
Middle East

EU Far Right Wants 2040 Climate Target Binned

omc_adminBy omc_adminJuly 28, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The European Union’s proposed target to cut emissions by 90 percent by 2040 should be rejected, according to the far-right grouping responsible for leading negotiations in parliament.

Ondrej Knotek, the rapporteur from the Patriots for Europe, which contains lawmakers from Hungarian Prime Minister Viktor Orban’s Fidesz party and France’s Rassemblement National, said the climate goal would have “devastating consequences” for energy-intensive industries.

“The proposal to set a new, additional binding climate target for 2040 appears to be more of an ideological experiment without solid reasons and definitely not a realistic plan,” Knotek, a Czech lawmaker, said in a report. “I therefore call for this legislative proposal on the new, additional legally binding climate target for 2040 to be rejected.”

Knotek’s report kicks off negotiations in parliament on the European Commission’s proposal to slash emissions by 2040, on the way to climate neutrality by mid-century. The Patriots won the right to lead negotiations earlier this month.

Both the EU parliament and member states need to agree their own positions on the commission’s proposal before negotiating with each other on the final shape of the law. Representatives of other political groups have the right to propose and vote on their own amendments.

After the Patriots secured their negotiating mandate, the socialists, greens, the liberal Renew group and the center-right European People’s Party – the largest group in parliament – struck a deal for an accelerated timetable to try and nullify the far-right. They hope to reach a deal by early October.

The 2040 climate target is a key stepping stone for the EU’s transition, but comes at a politically challenging time: there’s a greater focus on safeguarding European industry, after many national governments pivoted to the right.

The commission says the goal is needed for the bloc to submit an updated climate plan to the United Nations ahead of the COP30 climate summit in Brazil in November.


What do you think? We’d love to hear from you, join the conversation on the

Rigzone Energy Network.

The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 76 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Valero Q2 Profit Down YoY on Lower Volumes

July 28, 2025

USA Upstream M&A Decelerates in Q2

July 28, 2025

KEXIM Bankrolls 25 Nakilat LNG Tankers Being Built in South Korea

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

$750 billion EU, U.S. energy deal will be hard to attain, experts say

By omc_adminJuly 28, 2025

(Bloomberg) – The European Union’s promise to buy $750 billion of American energy imports over…

Mexico proposes debt offering to help Pemex

July 28, 2025

Macquarie to Acquire Erova Energy to Expand Renewable Asset Optimization Platform

July 28, 2025

SMU Raises $111M with Singapore’s First University-Issued Sustainability Bond

July 28, 2025
Top Trending

Deutsche Bank Investment Bank Appoints Esra Turk as Global Head of Sustainable Finance

By omc_adminJuly 28, 2025

Green Project Technologies Acquires Supply Chain Decarbonization Platform Emitwise

By omc_adminJuly 28, 2025

NatWest Unveils Target to Provide £200 Billion in Climate, Transition Finance by 2030

By omc_adminJuly 28, 2025
Most Popular

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20251 Views

The 5 Best Soundbars of 2025

May 6, 20251 Views
Our Picks

Mexico proposes debt offering to help Pemex

July 28, 2025

Regime Crises and Geopolitical Perspectives on the Cambodia-Thailand Conflict

July 28, 2025

$750 billion EU, U.S. energy deal will be hard to attain, experts say

July 28, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.