European Union Member States have significantly closed the gap to achieving the 2030 energy and climate targets, according to the European Commission's assessment of the National Energy and Climate Plans.
EU countries have substantially improved their plans following Commission recommendations in December 2023.
The European Commission said its assessment shows that the EU is currently on course to reduce net greenhouse gas emissions by around 54 percent by 2030, compared to 1990 levels, if Member States implement fully existing and planned national measures and EU policies.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.