EU reaches deal to cut emissions by at least 40 percent versus 1990 levels

Reuters

Published Oct 23, 2014 07:21PM ET

EU reaches deal to cut emissions by at least 40 percent versus 1990 levels

BRUSSELS (Reuters) - European Union leaders reached a deal early on Friday to cut greenhouse gas emissions by at least 40 percent in 2030 versus 1990 levels, European Council President Herman Van Rompuy said in a Twitter message.

EU leaders also agreed two other 2030 targets to increase renewable energy use to 27 percent of the total and to improve their measure of energy efficiency to at least 27 percent compared with what it would be under business as usual.