Highlights Sources expect 55% cut, up from current 40% target Key EU parliament panel to adopt its view on Friday Stricter target to boost renewables, cut fossil use Brussels — The European Commission plans to propose a stricter 2030 EU target for cutting CO2 emissions on Sept. 15, as part of efforts to reduce fossil fuel use and make the EU climate neutral by 2050, according to its draft agenda. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The proposal was widely expected by sources in Brussels to be a 55% cut on 1990 levels, at the top end of the 50%-55% range the EC has been evaluating, and up from the current 40% binding target agreed in 2018. Achieving a stricter cut would require further reforms to the EU Emissions Trading System, which is likely to boost EU carbon prices and give […]